A four-year certificate with a maturity value of Rs. 700 is purchased for Rs. 500. What interest is being offered on the certificate?
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Answer:
Hello mate.
Step-by-step explanation:
A four year Indira Vikas certificate with a maturity value of Rs. 700 is purchased for Rs. 500. Explanation: Interest = 200 ⇒ 200 = (500 x R x 4)/100 ⇒ R = 10 %.
Answered by
0
Answer:
sorry
Step-by-step explanation:
cant understand
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