Question

the principal of rs.800 amount to rs.1120 in 2yrs.the rate of simple interest is please give me answer with its steps ot is urgent​

Answer 1

Answer:

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Answer 2

Step-by-step explanation:

Simple interest = amount - principal

= 1120 - 800 = RS 320

SI = PRT/100

R = SI * 100/PT

R = (320 * 100)/(800*2)

= 32000/1600 = 20%

so, the rate is 20%