Math, asked by fousiyamajeed791, 4 months ago

Raju deposited 1000 rupees in a bank. after one year, he got 1120 rupees years back. find rate of interest?

Answers

Answered by borhaderamchandra

1

Answer:

rate of interest is 12%

Step-by-step explanation:

interest=(amount*rate*year)/100

120=(1000*rate*1)100

120=10*rate

rate=120/10=12

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