Question

A money lender lends money, collecting 5 paise per rupee per month.Find the rate of interest per year percent​

Answer 1

Answer:

T = 1 MONTH , R= ?

P = Rs 1= 100 PAISE AND SI = 5 PAISE

SI = P*R*T/100

5 = 100*R*1/100

5*100=100*R

500/100 = R

5% = R

SO THE RATE IS 5 %

Thanks have a nice day

Answer 2

Step-by-step explanation:

paise per month = 5

praise after 12 month =

5×12=60