Question

If Ramesh pays an interest of Rs 400 for 2 years on a sum of Rs 4,000, find the rate of interest.

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Answer 1

Answer:

pls refer the attachment

Step-by-step explanation:

Hope it helps

Answer 2

Answer:

the intrest percentage per year is 5% and and per year given interest is ₹200 hope u get answer.

Step-by-step explanation:

if Ramesh taken 4000 and intrest is 400

then, 4000/400 is 10% and as Ramesh have taken it for 2 year then, 10%/2 year is 5%

therefore the rate of interest is 5% per year and the intrest money he paid in 1 year is 200. 400/2 is 200

hope u understand