Question

find the rate if simple intrest is 200 and principal is 50000 for 2 years

Answer 1

SI = P × R × T

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100

200 = 5000 × R × 2

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100

200 = 10000 × R

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100

200 = 100 × R

200 = R

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100

2% = R

Answer 2

Here we have to find the rate

Given: Simple interest = 200

          Principal = 50000

         Time = 2 years

We will use the formula of simple interest

Simple interest = ( P × R × T ) / 100

putting the values in the above formula

           200 = ( 50000 × R × 2 ) / 100

                R = 20000 / 100000

                R = 0.2

Hence, rate of interest will be 0.2%