Question

. At what rate of interest Rs 400 will give an interest of Rs 32 in two years. *

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Answer 1

Answer:

R = 4%

Step-by-step explanation:

Given,

• Principal,P = 400rs
• Interest,I = 32rs
• Time,T = 2yrs

To find,

• Rate of interest,R = ?

We know,

• S.I. = PTR/100

Substitute the values in the formula :-

• 32 = 400 X 2 X R/100
• R = 32 X 100/400 X 2
• R = 4%

Hope it helps