Radhika borrowed 12000 rupees from a bank. after 3 years she returned 15000 rupees to the bank.
a. find the simple interest she paid to the bank
b. calculate the rate of interest.
Answers
Answered by
1
Simple interest=P-A
=15000-12000
=Rs.3000
SI=P*R*T/100
3000=12000*r*3/100
3000*100/12000*3=r
8.33%=r
the rate of interest is 8.33%
=15000-12000
=Rs.3000
SI=P*R*T/100
3000=12000*r*3/100
3000*100/12000*3=r
8.33%=r
the rate of interest is 8.33%
Similar questions