Question

What will be the annual simple interest if a principal amount of rs. 88000 becomes rs. 161920in 6 years?

Answer 1

Answer:

rate=14%

Step-by-step explanation:

given principal=88000

also given amounts to 161920

so remove it from principal which give interest=161920-88000=73920

si=ptr/100

73920=88000*6*r/100

R=14%

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