Question

Simple Imleest for sum of 1500 is 30
GYE
and
in oye find
the
Eate.​

Answer 1

Answer :-

0.5 % is the answer

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Answer 2

Step-by-step explanation:

I = PTR/100

Solving for R we get,

R=(I*100)/(P*T)

R= (30*100)/(1500*4) = 3000/6000 = 0.5%

I = 1500*8*0.5/100 = 6000/100 = 60

There Rate of Interest is 0.5%