Question

A sum of money lent at

c.I. Annually gives rs. 250 and rs. 300 as interest in the first and the 2nd year. Find the rate of interest?

Answer 1

I am not sure but I think 40% and 33.33%
Or
2.5%. and. 3%.
You can report it if it is wrong......

Answer 2

Answer:

Given: Annually gives Rs. 250 and Rs. 300 as interest in the first and the 2nd year

To find: The rate of interest

Solution: The answer will be 20%.

Explanation:

Given, Amount = Rs. 250, Principle = Rs. 300, Time =1 year

1-year simple interest and compound interest are equal.

So Interest =300-250= Rs. 50

S.I. = $\frac{PRT}{100}$

​

R= $\frac{S.I * 100}{P * T}$

R= $\frac{50 * 100}{250 * 1}$

R=20%

Therefore, the rate of interest is 20%.

• This is a question based on C.I.
• The interest you earn on interest is known as compound interest. Simple math may be used to demonstrate this:
• If you have $100 and it generates 5% interest annually, you will have $105 at the end of the first year. You will wind up with $110.25 at the conclusion of the second year.

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