Math, asked by sahoonirupama043, 2 months ago

what is the rate of interest if the interest on Rs.5000 for 2 years is 600.

Answers

Answered by saiprasadk12345

0

Answer:

rate of interest=6 p.c.p.a

Answered by xstudytosuccesx

7

Answer:

6%

Step-by-step explanation:

let the rate of interest be R.

(5000×2×R)/100= 600

5000×2×R= 600×100

5000×2×R= 60000

2R= 60000÷5000

2R= 12

R= 12/2

R = 6%

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