Answer:
233
Step-by-step explanation:
2ed
Solution :
Given :
Principal amount, P = Rs. 1000
Time period = 12 months
The maturity value = Rs. 12,715
We know that,



SI = 65 R
So we know,
maturity value = principal amount + SI
12715 = 1000 + 65 R
65 R = 12715 - 1000
65 R = 11715
R = 18%
So the rate is 18%
By doing doing the math question and explaining it at the same time