Question

Find the rate of interest p.a. . If rupees 10,000 amounts to rupees 10,050 in 6 months.​

Answer 1

Answer:

r=0.01%

Step-by-step explanation:

I=p*r*t

I=10050-10000

I=50

$50=10000*r*\frac{1}{2}\\ 2*50=10,000*r\\\frac{100}{10,000} =r\\\\\frac{1}{100}=r\\ 0.01=r$

r=0.01%

Answer 2

Step-by-step explanation:

amount= principal + si

10,050=10000+si

si=50

$si \: = \frac{prt}{100} \\ 50 = \frac{10000 \times r \times 6}{100 \times 12} \\ r = \frac{50 \times 100 \times 12}{10000 \times 6 } \\ r = 1$

Rate of interest =1/100

=0.01%