Compute the rate of interest in each case:49
Amount: 1000
Time:1year
Rs. 500
1 year
Rs. 1000
4 months
Interest
Rs. 30
Rs. 40
Rs. 2
Rs. 200
2 months
1 month
Rs. 2
Rs. 3
Rs. 5000
2 years
Rs. 1200
As time changes
Answers
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Found Rate of interest in each case
Step-by-step explanation:
P = Amount
R = Rate of interest
T = time
Simple interest = P * R * T /100
30 = 1000 * R * 1 /100
=> R = 3 %
40 = 500 * R * 1 /100
=> R = 8 %
2 = 1000 * R * (4/12) / 100
=> R = 0.6%
2 = 200 * R * (2/12) /100
=> R = 6 %
3 = 200 * R * (1/12) /100
=> R = 18 %
1200 = 5000 * R * 2 /100
=> R = 12 %
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