A sum of Rs. 50,000/- Amounts to Rs. 62,000/-, In 3 years by Simple Interest, Find the rate of Interest. About the author Lydia

S.I =62000-50000 =12000 Now, T=3years,S.I =12000,P=50000 Rate =S.I×100 P×T Rate=12000×100 50000×3 Rate =8% Will it help you Reply

S.I =62000-50000 =12000

Now,

T=3years,S.I =12000,P=50000

Rate =

S.I×100Rate=

12000×10050000×3

Rate =8%

Will it help you