Rupees 10,000 becomes rupees 20,000 at simple interest in 8 years.Find the rate percent per annum
Answers
Answered by
1
Answer:
25/2 %
Step-by-step explanation:
principal =Rs10000
Amount =Rs20000
simple interest =amount -principal
=Rs 20000 - Rs 10000
=Rs 10000
Time = 8 years
rate of interest = P×100/T×S. I
=25/2 %
Answered by
0
Answer:
Simple Interest = P x R x T /100
P=Principal Amount
R=Rate Percent Per Annum
T= Time in years
let 10,000 is Principal amount
Simple interest is 20,000
T=8 years
R=?
Now, put values in the formula:
20000 = 10000*R*8/100
20000=R800
R=20000/800
R=2.5% per annum
Step-by-step explanation:
Similar questions