Question

express the rate of 5 paise per month as rate percent per year​

Answer 1

Answer:

Step-by-step explanation:

1 rupee equals 100 paise, so 5 paise are 0.05 of a rupee (5/100) which equals 5 per cent.

Per-cent means per one hundred, so if we have 0.05 of ONE rupee, then it equals 0.05 x 100 = 5 of ONE HUNDRED rupee. And that is your answer, 5%.

P.S.The word CENT is sometimes used in India as a measure of land. 100 cent = 404.57 square meters (8 Kanals)