Math, asked by parul96, 11 months ago

what is the rate of interest which yields an interest of rupees 240 on a sum of rupees 48000 for 2 years?

Answers

Answered by aparajeetChatterjee

4

Answer:

0.25% PER ANNUM

Step-by-step explanation:

S.I =240

PRINCIPAL =48000

TIME =2

R = SI ×100/PT

= 240×100/48000×2

=1/2×2

=1/4%

=0.25%PER ANNUM

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