Question

Riya deposited 1000 rupees and after 8 years got back 2000 rupees. What is the interest she got for the amount she deposited? Find the rate of interest.​

Answer 1

Answer:

12.5%

Step-by-step explanation:

amount = 2000

simple interest=2000-1000=1000

rate of interest=

$\frac{simple \: interest \times 100}{principal \times time}$

=

$\frac{1000 \times 100}{1000 \times 8}$

=12.5%