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Anand Vikash

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

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Sunil Kunjumon

7 months ago

a person deposited rs4000 in simple interest rate for 2 month. if he get rs 60 as interest what is the rate of interest ?

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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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