Question

The compound interest on a certain sum for 2 years is Ruppes 50.50 and simple interest is Ruppes 50 . find the rate of interest per annum and the sum​

Answer 1

Answer:

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Answer 2

Answer:

Simple Interest

Simple Interest is the rate at which we lend or borrow money. In the following section, we will define the important terms and formulae that will help us solve and understand the questions on the simple interest. We will define the concept of Simple interest and use these formulae and definitions to solve questions that we expect will come from this section. Let us begin with the definitions!

Step-by-step explanation:

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