Question

if in 10year200amount, 300,find the rate of interest?

Answer 1

Answer:

5 % per annum

Step-by-step explanation:

interest = 300 - 200 = 100 rs

Principle = 200

Time = 10 Year

N = Rate of Simple interest per annum

Interest = P * N * T / 100

100 = 200 * N * 10 /100

100 = 20 * N

N = 5 % per annum