Question

Pallavi kept Rs. 50,000 in a bank for 2 year with simple interest after 2 years she got Rs. 60,000. What

was the rate of interest​

Answer 1

Step-by-step explanation:

Principal = 50000

Amount = 60000

Time = 2 year

Rate =?

S.I = ?

S.I = Amount - Principal

60000 - 50000

S.I = 10000

$rate = \frac{si \times 100}{principal \times time}$

$rate = \frac{10000 \times 100}{50000 \times 2}$

rate = 2%

given me brillent mark