Question

A man borrowed Rd. 500 and paid back Rs. 600 after 2 year. The rate of interest is

Answer 1

I don't know . any one please let me know if you want me to know

Answer 2

Answer:10%

Step-by-step explanation:

Rate= (SI ×100)/P×T

P=500

T=2yrs

SI=100(amount-principle)

( 100×100)/500×2=10%