Question

At what rate of Simple Interest will ? 1000 amount to ? 1200 in 2 yearse (a) 8% b) 10% (c) 9% (d) 7%

Answer 1

Answer:

Rate =

P×T

S.I×100

​

P=1200−1000=200

S.I=30

T=3 years

Rate =

200×3

30×100

​

=

600

3000

​

=5%