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Answers
Answer:
in this way u can solve this question. this is the formula.
Step-by-step explanation:
this helps you
Answer:
Question:-
2 years ago Samantha deposited Rs. 1,600 in a bank. At the end of the period she earned Rs.192 as interest. Find the rate of interest ?
Given:-
2 years ago Samantha deposited ₹1600.At the end of the period she earned ₹192 as interest
To find:-
The rate of interest
So here it is given that,
Principal(p) =₹1600
Rate of interest(r) =?
Time(n) =2 years
Interest=₹192
Time which can be also expressed as t
By substituting the given values we get,
So we already know the interest that's why we are using this to substitute
By cancelling with 3200 we get,
Therefore the rate of interest is 6%
Step-by-step explanation:
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