Question

What is the rate what is the rate of simple interest at which rupees 14000 is the interest of rupees 1960 in 2 years

Answer 1

Answer:

Step-by-step explanation:

Given,

P=Rs14000

T=2years

I=Rs1960

W.K.T I=PTR÷1OO

R=100I÷PT

R=(100×1960)÷(14000×2)

R=196000÷28000

R=7%