Math, asked by oindri26, 9 months ago

what is the rate of simple interest if the interest on rs 5000 for 2 years is rs 600

Answers

Answered by studyloveinfinity

7

Answer:

6%

Step-by-step explanation:

p(sum)= 5000rs

t=2years

si=600rs

r=?

si=p×t×r/100

r= si×100/p×t

=600×100/5000×2

=60000/10000

=6

therefore rate of interest =6%

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