Answer:
rate of interest is 6 percent per annum.
Step-by-step explanation:
Formula for simple interest is given
SI = p*r*t/100
where
SI is simple interest
p is principal
r is the rate of interest
t is the time
_______________________________
Given
p = 6400
SI = 768
t = 2 years
r we have to find
lest sue the above formula and plug the given value in it
768 = 6400*r*2/100
=> 768 = 128r
=> r = 768/128 = 6
Thus, r = 6%
thus, rate of interest is 6 percent per annum.
