Question

Interest on Rs 100 for one year is 5 Rs. Its rate of interest is *​

Answer 1

Step-by-step explanation:

The interest on Rs. 100 for 5 years will be

8 × 5 = Rs. 40

Rate of interest = 12 p.c.p.a.

Answer 2

Answer:

$interest = cost \times \: rate \: of \: interest \\ 5 = 100 \times \frac{1}{x} \\ \frac{5}{100} = \frac{1}{x} \\ x = 20$

Rate of interest= 20.

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