23. At what rate percent per annum will rupee 12000 produce rupee 4800 as simple interest in 2 years?
***please give me right answer and I will mark you as brainleast***
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23. At what rate percent per annum will rupee 12000 produce rupee 4800 as simple interest in 2 years?
***please give me right answer and I will mark you as brainleast***
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Answer:
rate of simple interest = (s.i × 100) ÷ (p × t)
= (4800× 100) ÷ (12000×2)
= 480000 ÷ 24000
= 20 %
Verified answer
Answer:
R = 20%
Step-by-step explanation:
Given:
SI = Rs. 4800 ; Principal = Rs. 12000 ; Time = 2 years.
We know that,
SI = (P×R×T)/100
putting all known values,
4800 = (12000×R×2)/100
=> R = (4800×100)/(12000×2)
On solving, we get
R = 20%