Question

Rs 5000 yields Rs 100 more as interest than Rs 4000, If both the sum are invested at the same rate of interest per annum for 2 years. Find the rate of interest.

Answer 1

Let rate of interest be r % per annum.

5,000 x {r/100}  -  4,000 x [r\100]  = 100

r = 10 %

Interest for total sum for 2 years

9,000 x 10/100 x 2 = Rs. 1,800

Answer 2

Answer:

10 percent is the right answer