A sum of ₹10 is lent to be returned in 11 monthly instalments of ₹1 each, interest being simple. The rate of interest is :
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Find the total payable:
11 x 1 = ₹11
Find the interest:
11 - 10 = ₹1
Find the interest rate:
interest rate = 1/10 x 100 = 10%
Answer: The rate is 10%
ashok199687:
galt hai sir g
yes its wrong
I looked at it and I dont see the mistake. There is another slot, why don't you answer it and I can try to see my mistake?
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