Question

find the rate of interest If the amount owed after 6 months is 1050 borrowed amount being 1000​

Answer 1

ANSWER

answer is 10%.......

Answer 2

Answer:

10%

Explanation:

Principle = Rs 1000

Amount = Rs 1050

Time = 6 months = 6/12 years =1/2 years = 10501000

SI = amount - principle

=1050-1000= 50

So,rate = SI x 100/time x principle =50 x 100 x 2/1 x 1000

=10%

So, Rate = 10%