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Asha deposited ₹ 15,000 for 4 years andearned ₹ 4800 as simple interest. Findthe rate of interest.​

answers: 1
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Answer:

8% p.a.

Given,

P = 15000

SI = 4800

T = 4

Find,

R

We know formula of SI is :-

(P x R x T)/100

=> SI = (PxRxT)/100

=> 4800 = (15000 x R x 4)/100

=> 4800 = 60000R / 100

=> 4800 = 600R

=> 4800/600 = R

=> 8 = R

Hence,

Rate of interest (R) is 8% per annum.

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