Question

Find the rate of interest when Principal = 500 rupees, Interest = 100 rupees and Time = 4 years.​

Answer 1

Answer:

I=(prt/100)

100=(500×4×r)/100

100=20r

r=5% per annum.

I hoped it helped you

Answer 2

Answer:

Hii user,

Step-by-step explanation:

P= 500

T=4yrs

R= ?

I = 100

According to formula of simple interest

R= I×100/P×T

= 100×100/500×4

= 5%

Rate of interest= 5%

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