the intrest on sum of money is 0.24 times in 3 years find the rate of intrest
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Answer:
The correct answer is : 8℅.
Step-by-step explanation:
S.I = PRT/100
Here,
P=?
R=To find
T=3years
And, Interest=3*P
So,
S.I= P*R*3/100=0.24*P
=> P*R*3. =24*P
=> R. = 24*P/3*P
=> R. = 8
.: Rate of interest is 8℅.
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