Math, asked by achu491, 1 year ago

a man who deposited rupees 2,000 in a bank got rupees 2040 after 6 months. what was the rate of interest given by the bank?

Answers

Answered by akasharjun12

1

Answer: 4% p.a.

Step-by-step explanation:Amount=2040

Principal=2000

So, Interest=Amount-Principal=2040-2000=40

Time=6 months=1/2 years

Therefore,Rate of interest =(100*Interest)/(Principal*Time)

=(100*40)/(2000*1/2)

=4

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