Question

calculate the rate percentage for which rupees 1,000 amount to 12000 for 2 years at simple interest​

Answer 1

Answer:

550%

Step-by-step explanation:

Principal= Rs 1000

Amount= Rs 12000

Therefore, Interest= 12000-1000

= Rs 11000

Time period= 2 Years

So, the rate of interest is=

(100*11000)/(1000*2)...which is equal to 550%

Answer 2

Answer:

Step-by-step explanation:

Principal= Rs 1000

Amount= Rs 12000

Therefore, Interest= 12000-1000

= Rs 11000

Time period= 2 Years

So, the rate of interest is=

(100*11000)/(1000*2)...which is equal to 550%