Question

What rate gives ₹360 as interest on a sum of ₹ 48000 in 3 years ??​

Answer 1

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Answer 2

Given : SI = 360,

P = 48000

T = 3 years

Solution :

SI = P×R×T/100

360 = 48000×x×3/100

360 = 480×2x

360/480 = 2x

36/48 = 2x

3/4 = 2x

(3/4)×2 = x

3/2 = x

1.5 = x