Math, asked by rahulsah32, 5 months ago

If ₹10000 becomes ₹11000 after 2year at a certain rate of interest, find the rate of interest.​

Answers

Answered by JayanthiSiddhu
0

Step-by-step explanation:

As per simple interest formula:

Amount= Principal× interest× time /100

11,000= 10,000 × interest × 2/100

11,000÷ 10,000 = interest × 0.02

1.1 =interest × 0.02

interest = 55%

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