Question

(monthly intrest for 100 rs is 20 rs) what is the intrest 100 rs for one month?​

Answer 1

Answer:

Monthly interest for 1000 rupees is 20 rupees only

P = 1000

SImple Interest = 20 Rs

Rate of Interest  = R % per month

Time  = 1 Month

SI = P * R * T /100

=> 20 =  1000 * R * 1 /100

=> R = 2

Rate of interest = 2 % Per month

or 24 % per annum

SI on rs 100

SI = 100 * 2 * 1 /100

=> SI = 2 Rs  for 100 Rs

Simple interest on Rs 100 = Rs 2

PLZ MARK AS BRIANLIEST,FLW ME AND THX FOR THE SUPERB QUESTION