Step-by-step explanation:
Rate of interest = SI x 100/ t X p
= 23900 X 100/ 95600 X 5 = 125℅
T = 5 years
SI = ₹ 23900
P = ₹ 95600
[tex] R \: = \frac{23900 \times 100}{95600 \times 5} [/tex]
[tex] \: \: \: \: = 5\%[/tex]
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Answers & Comments
Step-by-step explanation:
Rate of interest = SI x 100/ t X p
= 23900 X 100/ 95600 X 5 = 125℅
Verified answer
T = 5 years
SI = ₹ 23900
P = ₹ 95600
[tex] R \: = \frac{23900 \times 100}{95600 \times 5} [/tex]
[tex] \: \: \: \: = 5\%[/tex]