Question

principal amount is 500.Interest for 1 year is 30.what is rate of interest in p.c.p.a​

Answer 1

Answer:

60

Explanation:

given ,

P=500 , t=1year , I=30 , R=?

I=P×R×t/100

R=I×100/P×t

R=30×100/500×1

R=60

Answer 2

Explanation:

answer is 16.66 per month