Question

What is the rate% if
Principal = Rs 20000
Time = 2 yrs
Simple Interest = 2300.

(Please answer it fast!!! It's urgent!!!)
(Steps to be shown please!!!)

Answer 1

Hi ,

Simple interest ( I ) = Rs 2300

Principal ( p ) = Rs 20000

Time ( t ) = 2 years

Rate of interest = r %

( ptr ) / 100 = I

r = ( 100 × I ) / pt

= ( 100 × 2300 ) / ( 20000 × 2 )

After cancellation

r = 23 /4

r = 5.75 %


I hope this helps you.

:)

Answer 2

Hlo friend

Here ur answer which i attached u

Hope this helps u a lot

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