Question

Priya invested Rs 6000 for 3 years and received Rs 1080 as interest. The rate of interest is?​

Answer 1

Answer:

jst use a smart calculated next time

it's 18precebt

Answer 2

The rate of interest was 6%

Step-by-step explanation:

Priya invested 6000 Rs. for 3 years and interest received Rs. 1080.

To calculate the rate of interest we will use the formula :

$r=(\frac{1}{t})(\frac{A}{P}-1)$

Where r = rate of interest

           t = time in years

           A = future amount (Principal amount + interest)

           P = Principal amount

$r=(\frac{1}{3})(\frac{7080}{6000}-1)$

$r=(\frac{1}{3} )(1.18-1)$

  = 0.33 × 0.18

  = 0.06

  = 6%

The rate of interest was 6%.

Learn more to calculate interest :brainly.in/question/15113567