A sum of Rs.2000 gives a simple interest of Rs.100 in 2 years. Find the rate of interest per annum ?5/4%5/6%5/2%5/8%
Question
Solution 1
To find the rate of interest per annum, we can use the formula for simple interest which is:
I = PRT/100
where: I = Interest P = Principal amount (the initial amount of money) R = Rate of interest T = Time (in years)
In this case, we know that: I = Rs.100 P = Rs.2000 T = 2 years
We need to find Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study prob
Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solv
Similar Questions
A sum of Rs.2000 gives a simple interest of Rs.100 in 2 years. Find the rate of interest per annum ?
A sum of Rs.2000 gives a simple interest of Rs.100 in 2 years. Find the rate of interest per annum ?5/4%5/6%5/2%5/8%
At what rate of CI per annum will be a sum of Rs. 1000 becomes Rs. 1040.4 in 2 years?2%3%4%5%
Kushi invested a sum of money at compound interest. In 4 years it amounted to Rs. 5400 and in 5 years to Rs. 5670. The interest rate per annum is
Find the rate of interest per annum if the simple interest on Rs. 7500 for 2 years is Rs. 1500. Options 5% 8% 7% 10%