What is the rate of interest if the interest of Rs. 100 in 1 year is Rs. 12?
Answers
Answered by
1
Step-by-step explanation:
A=P(1+
100
R
)
n
121=100(1+
100
R
)
2
∴
100
R
=0.1
R=10%
Answered by
0
Answer:
12%
Step-by-step explanation:
si = p×r×t/100
12 = 100×r×1/100
then,
after soving it, we get
r = 12%
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