Question

simple interest on Rupees 1500 be more than the simple interest on rupees 1200 by rs.96 in 4 years then the rate of interest p.c.p.a. is ____​

Answer 1

Answer:

8

Step-by-step explanation:

I = PRT/100

I1 = 1500×R×4/100 = 60R

I2 = 1200×R×4/100 = 48R

I1 - I2 = 96 = 60R - 48R = 12R

R = 96/12 = 8 %

Answer 2

Step-by-step explanation:

8

Step-by-step explanation:

I = PRT/100

I1 = 1500×R×4/100 = 60R

I2 = 1200×R×4/100 = 48R

I1 - I2 = 96 = 60R - 48R = 12R

R = 96/12 = 8 %