Question

Mary deposited rupees 400 in a bank and at the end of 5 years received rupees 80 as simple interest what
is the rate percent.

Answer 1

Answer:

4%

Step-by-step explanation:

p = 400

T = 5 yr

s.i = 80

R = ?

s.i = PRT / 100

80 × 100 = 400 × 5 × R

8000 ÷ 2000 = R

4 = R

Answer 2

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