What should be added to -7/12 to get 9/16
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Answer:
5% / annum will be correct answer
Step-by-step explanation:
Given,
Principal = 6000/-
Time = 4 year
Simple Interest = 1200/-
We know that,
Rate = SI × 100 / P × T
Hence,
Rate of interest = [ 1200 × 100 / 6000 × 4 ] %
= [ 120000 / 24000 ] %
= 5 %
Therefore,
Reqd rate of interest = 5% / annum
Step-by-step explanation:
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