Question

If Mohan pays an interest of Rs 900 for 2 years on a sum of Rs 4500 ,find the rate of interest.

Answer 1

Answer:

answer:10%

Step-by-step explanation:

interest-Rs.900

time-2 years

sum-Rs. 4500

SIMPLE INTEREST =PxRxT/100

                        900=4500x2xR/100

                        900=45x2xR

                        900=90R

                        900/90=R

                        R=10%