Question

1. Find the rate percentage per annum a sum of Rs. 10000 amounts to Rs.12000 in
5 years?​

Answer 1

Answer:

R = 4%

Step-by-step explanation:

I = A - P

= 12000 - 10000

:. I = Rs. 2000

R = I × 100 / P × N

= 2000 × 100 / 10000 × 5

= 20 / 5

:. R = 4%

:. The Rate of Interest is 4%.

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