Question

Yogesh deposited Rs. 32000in a bank for two years on simple interest, After maturity he gets Rs. 38400, then what is the rate of interest?​

Answer 1

Answer:

10%

Step-by-step explanation:

principle=32000

Amount=38400

Simple Interest=38400-32000=6400

Time=2 years

rate= SI×100

time×principle

= 6400×100

2×32000

=10%