Question

Jia and Mia invested Rs 7000 and Rs
15000 at the same rate of interest
p.a. If at the end of 5 yrs one friend
received Rs 2000 more than the
other. Find the rate of interest.​

Answer 1

Answer:

Interest Rate is 5%

15000-7000 = 8000

new amount is ₹8000

interest recived is ₹2000

time is 5 year

formula of rate = 100×I

p ×t

100×2000/8000×5

=5%