Question

. A man borrowed Rs. 1000 and returned Rs. 1200 after 2 years, Find his rate of interest p.a. (JNV, 2008) (a) 5% (b) 10% sum (e) 121 (d) 15% e 15
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Answer 1

Answer:

p =Rs. 1000

T= 2 years

A = Rs. 1200

R= ?

So,

I =A-P = 1200-1000 = Rs. 200

Now,

I =PTR/ 100

or, 200 = 1000*2*R /100

or, R = 200*100/2000

----> R = 10%

Answer 2

Answer:

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