Question

At what rate per cent p.a. will the sum of rs.20000 yields the simple interest of rs.1800 in 2 years?

Answer 1

Answer:

Step-by-step explanation:

SI = P*R*T/100

1800 = 20000*R*2/100

1800*100 = 40000*R

180000 = 40000*R

R = 180000/40000

R = 4.5%

Answer 2

P=20000
S.I=1800
T=2 YEARS
R=S.I×100/P×T
=1800×100/20000×2
RATE OF PERCENTAGE=18%