Question

In 4 years Rs. 500 amounts to Rs. 600. What is the rate of interest?
(a) 5 p.c.p.a. (b) 4 p.c.p.a.
(C)6 p.c.p.a. (d)7 p.c.p.a.
​

Answer 1

Answer:

7p.c.p.a answer ..............................

Answer 2

Answer:

time=4 yrs

amount =₹600

principal =₹500

SI=₹100

R%=SI×100/P×T=100×100/500×4=5%