Question

Sadhna deposits rupees 12000 in a bank and she gets 1200 as interest in 4 years find the rate of interest at which money was lent​

Answer 1

Answer:

Principal (P)= ₹12000

Time(T)=4 yrs

Simple Interest (SI)=₹1200

Rate of Interest=SI×100/P×T

=1200×100/12000×4

=2.5

Ans:Rate of Interest = 2.5 % p.a

Answer 2

Step-by-step explanation:

0.28 is the answer .

hope it helps