Question

At what rate will the principal of ₹2000 yield an interest of ₹ 12.50 in 15 months.

Answer 1

Answer:

0.5

Step-by-step explanation:

SI = prt/100

= 2000*r*(1.25)/100

12.5= 2*12.5*r

r = 0.5

Answer 2

Answer will be 0.05%.

P= 2000

T= 15/12 yrs

12.50= 20000 * r/100 * 15/12

12.50/250= r

r= 0.05