Question

find the rate of interest when rupees 500 fetches rupees 130 as simple interest in two years. ​

Answer 1

Answer:

S.I= 130

T=2 yrs

Princple=500

Rate=?

S.I=P*R*T/100

130=500*R*2/100

130=5R*2

130/2=5R

65=5R

R=65/5

R=13

Thank you