Question

the interest on rupees 50 at the rate of simple interest of 10% per annum for 2 years is how much time of the interest on rupees 100 for 1 years at the same rate of interest​

Answer 1

Answer:

Given, principle (P) = 1000 /-

Time (t) = 2 years.

Rate of interest (r) = 5 %

We know, simple interest =

100

P.t.r

∴S.I.=

100

100×2×5

=100/−

∴ Simple interest is Rs. 100

Answer 2

Step-by-step explanation:

SI for 2 years = Rs. 50

SI for 1 year = 50/2 = Rs. 25

Difference between CI and SI for 2 year = 51.25 – 50 = 1.25

Rate of interest = 1.25/25 × 100 = 5%