Question

Mr. Suresh deposited ₹2000 in the bank in order to get an interest of ₹400 after 4years. At what rate was the interest given ?

Answer 1

Answer:

5%

Step-by-step explanation:

S.I = 400

Principal = Rs. 2000

Time = 4 years

Rate = R

So,

S.I = P×R×T/ 100

400 = 2000× R× 4/100

400×100/2000×4 = R

5%=Rate

Answer 2

Answer:

50% per annum

Step-by-step explanation:

Principal= ₹2000

Interest= ₹400

Time= 4years

to find= Rate

Rate= 100×interest

principal×time

= 100×400

2000×4

= 100

2

=50% per annum.