Question

If Mina Kshy pay on interest of
RS1500 4YEARS on Sum of
RS2500. Find the rate of intereres
per anum​

Answer 1

Interest = ₹ 1500

Time = 4 yrs

Sum(Principal)= ₹ 2500

Thus, the rate is = 100×S.I/P×T

= 100 × 1500/2500 ×4

= 150000/10000

= 15 % p.a

Thus the rate of interest is 15 % per annum.