the simple interest on a sum interest will 66000 amount to 72720 in 2 years
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Answered by
1
Answer:
Rate percent per annum for amount of 72720 for 2 years is 5.09%
Step-by-step explanation:
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Answered by
1
Answer:
Rate percent per annum for amount of 72720 for 2 years is 5.09%.
Step-by-step explanation:
Amount =₹72720
Principle=₹66000
Simple interest=amount principle
S.I=₹72720-₹66000
S.I.=₹6720
We know that si=principle ×rate×time/100
Si=p×r×t/100
r=si×100/p×t
p=66000 t=2years si=6720
r=6720×100/66000×2
r=672000/13200
r=56/11
r=5.09%
So rate of interest per annum is. 5.09%
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