02. What interest rate will Rs. 2000 yield Rs. 150 in simple interest in 6 months?
Answers
Answered by
0
Answer:15%
Step-by-step explanation:
Answered by
0
Answer:
Intrest rate will be 15%
Step-by-step explanation:
GIVEN:
Principle = 2000
Interest amount = 150
Time = 6 months
Formula used :-
S.I = PRT/100
where P->principal, R->rate, T->time
CALCULATION:-
Principle = 2000
Interest amount = 150
Time = 6 months = (1/12) x 6 = 1/2
S.I = PRT/100
150=(2000 x R x 1/2)/100
R=(150 x 200)/2000
R=15%
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