Rambabu deposited Rs 600 with state bank of india. After 4 years he gets back Rs 660 .At what rate percent SBI gives him interest
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Answer:
RATE IS
Step-by-step explanation:
TOTAL AMOUNT = 660
INTEREST = TOTAL AMOUNT - PRINCIPLE
INTEREST = 660-600
INTEREST =60
RATE = INTEREST * 100 / PRINCIPLE * NO. OF YEARS
RATE = 60 * 100 / 600 * 4
RATE = 60 * 1/6*4
RATE =60/6*4
RATE = 10/4
RAT E= 2.5
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