Question

Simple interest= 2000, Principle= 1000 ,Time = 5years then Rate of interest =​

Answer 1

Answer:

rate of interest = 40%

Step-by-step explanation:

si=2000                               (simple interest)

p=1000                                 (principle)

t=5yrs                                    (time)

r=?                                          (rate of interest)

si=prt/100

2000=1000*r*5/100

r=2000*100/1000*5

r=40%

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Answer 2

Step-by-step explanation:

the formula to find the rate of interest is:

R=100×I/P×T

R=100×2000/1000×5

R=200000/5000

R=40

=rate of interest is 40%