The simple interest on Rs. 1900 for 4 years exceeds the simple interest on Rs. 1200 for the same period by Rs.308. Find the rate of interest.
Answers
Answered by
1
Answer:
1560 is the rate interest
Step-by-step explanation:
will be good
Answered by
2
Answer:
11%
Step-by-step explanation:
P=Rs.1900–Rs.1200=Rs.700
R=?
T=4 years
S.I=Rs.308
R=100×S.I/P×T
R=100×308/700×4
R=11%
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