Rajiv bought rupees8000 in a bank that earned him an interest of rupees 2880 in 3 years calculate the rate of simple interest. सॉल्व इट फास्ट
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Amount =Rs, 8000
Interest =Rs,2880
we know ,that
principal =Amount-Intrest
=8000-2880
=Rs,5120
Time=3years
Rate=?
Rate=Intrest ×100/time ×principal
=2880×100/3×5120
=288000/ 15360
=18.75%
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