How do i solve simple interest rates i know you know it
don't use google cause it makes no sense whatsoever

We can solve rate of interest by using the formula: I*100/P*T

for example:

I=$200

P=$1000

T=2 years

R=I*100/P*T

=200*100/1000*2

=10%

So,remember that Rate must be expressed in percentage(%) and time must be in years...If the time taken is given 11 months,then it should be converted into years..

Hope this will help u...and make u understand