Question

Priya lent rupees 2000 for 2 years . if she got an interest of rupees 200 , find the rate of interest p.a at which Priya lent the money​

Answer 1

Answer:

5%

Step-by-step explanation:

Given

P= ₹ 2000

I = ₹ 200

T= 2 Years

R = ?

We know

I = PRT/ 100

R = I × 100/ ( P× T)

= 200× 100/ (2000× 2)

= 5 %