Question

Find the rate of interest when rupees 300 amounts to rupees 400 in 2 years

Answer 1

$\huge\green{ANSWER}$

Principal(P) =300

Time(T) =2 years

Rate(R) =?

Amount =400

Simple Interest =A-P=400-300=100

Simple Interest=PRT/100

100=600R/100

100=6R

100/6=R

16.6percent=R

R=16.6percent

Answer 2

Step-by-step explanation:

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