Question

At what rate of
interest will rs 20,000
become rs 24,200 after 2 years?​

Answer 1

Answer:

Rate of intrest

10.5%

Step-by-step explanation:

here principle=20000

intrest=total-principle

=24200-20000=4200

time=2 year's

I=ptr/100

24200-20000=20000×R×2/100

4200=200×R×2

R=4200/400=10.5%

Answer 2

Answer:

10%

Step-by-step explanation:

principle=20000

amount=24000

interest=amount - principle

=4000

rate=interest×100/principle×time

=4000×100/20000×2

=10% answer