smt. manisha deposited rs 80000 ina bank.at the end of the whe received rs 4800 as intrest .what is the percentage of intrest
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principal Manisha deposited = 80000
time= 1 year
SI= 4800
rate=?
rate = SI×100/P×t
= 4800×100/80000×1
= 480000/80000
= 6
hence, the required rate is 6 % per annum
time= 1 year
SI= 4800
rate=?
rate = SI×100/P×t
= 4800×100/80000×1
= 480000/80000
= 6
hence, the required rate is 6 % per annum
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