Question

Rosy borrowed Rs. 10,000 for a time period of 3 years and pays Rs. 1200 as interest at the end of 3 years. Find the rate, at which interest was charged per annum

Answer 1

Answer:

rate =simple intrest ✖ 100  / principal ✖ time

rate= 1200 ✖100 / 10000 ✖3

= 4%

Answer 2

Answer:

rate = (simpleintrest * 100)/(principletime)

then rate= 1200*100 1000*3 =4\%

Step-by-step explanation:

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