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Anand Vikash
Startup activist, CAT qualified, Undergraduate CSE. Teaching Experience of 1 year

Unacademy user
a person deposited rs4000 in simple interest rate for 2 month. if he get rs 60 as interest what is the rate of interest ?
Ismaiel Kalady
7 months ago
9% aano correct answer ?
Ismaiel Kalady
7 months ago
Rs.60 interest for 2 months Rs.60* 6 interest for 2*6 months Rs.360 for 12 months or 1 year. find the rate now 360/4000 * 100 = 9% per annum
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