Question

A money lender gives Rs 5000 on simple interest to sham for 1 year at a rate of 5 percent After a year sham return his amount to money leader what percent of profit did money lenders earn​

Answer 1

Answer:

Step-by-step explanation:

Simple interest= 5% of 5000

=5/100*5000

=25000/100

=25000

Rs250

So, At the end of 1 year his profit will be 5000+250

=Rs5250

%Profit=Profit/Cost price*100%

=250/5000*100%

=5%

Answer 2

Step-by-step explanation:

SI = P*T*R/100

THERFORE

P=5000

T=1

R=5

5000*1*5/100

=50*1*5(BY SIMPLIFICATION )

=250

250/5000*100(BY SIMPLIFICATION)

=5%

LENDER EARNS 5% PROFIT