Question

The monthly S.I. on Rs. 1000 is Rs
15, then find the annual rate. (a) 12%, (b) 15% , (c) 18% ,(d) 30%​

Answer 1

Step-by-step explanation:

Given:

P=₹1,000

S.I.=₹15

T=1/12 yrs

Solution:

R=S.I.*100/P*T

=15*100*12/1000*1

=180/10

=18Percent

Hope it helps...

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