Question

Deenu borrowed Rs.4000 from a bank. The bank asked him to pay Rs.410 in 2 years time. The rate of interest charged by the bank is

Answer 1

AS WE KNOW,
$simple \: interest \: = \: \binom{p \times r \times t}{100}$
$rs. \: 410 = \binom{4000 \times x \times 2}{100}$
$rs.410 = 80x$
$\binom{410}{80} = x$
$5.125\% = x$
so rate = 5.125%

Answer 2

Rate of Interest = 5.1 %

Hope Helps You ✌️

Please mark as the Brainliest !!!