Question

The amount of retained after 3 years of principal 1500 rupees is 1860 rupees the rate of interest is

Answer 1

Answer:

8%

Step-by-step explanation:

first, we'll find out the amount of interest

so,

(1500-1860) rupees

interest = 360 rupees

to find the rate of interest

according to the formula

$r = \frac{100 \times i}{p \times t}$

r = 100 × 360 / 1500 × 3

= 8%

Answer 2

Step-by-step explanation:

I hope it will help you to understand