Question

Q.5) Purvy , Who is the owner of
company.. bought mutual fund of rs.
12,00,000 for the period of 10 yrs.
her simple interest is rs. 1,00,000
Calculate the rate of interest ?
3:48 PM​

Answer 1

Answer:

$p = 1200000 \\ t = 10y \\ si = 100000 \\ r = \frac{si \times 100}{p \times t} \\ = \frac{100000 \times 100}{1200000 \times 10} \\ = \frac{5}{6} = 0.436... = 0.44\% \: \: approx$