reethagopal reethagopal
  • 05-10-2020
  • Mathematics
contestada

At what rate per cent will a sum of 1200Rp amount to 1600rp in 6 years

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salukhalid
salukhalid salukhalid
  • 05-10-2020

Principal = Rs. 1200

Time = 6 years

Amount= Rs. 1600

S.I = (Amount- Principal)

or, S.I = Rs.(1600-1200)

or, S.I = Rs. 400

rate-si*100/p*t

Rate=

400*100/1200*6

Therefore, Rate = 5.56%

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