The rate of %on rs 450 for 2 years of the interest is rs 45 will be
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Given:
- Principal,P = rs 450
- Time, T = 2 years
- Simple interest, S.I = rs 45
To find out
Find the rate %.
Formula used:
R = S.I × 100 / P × T
Solution:
We know that,
R=S.I × 100 / P × T
R= 45×100/450×2
R= 4500/900
R= 5 %
- C.I = Amount (A) - Principal (P)
- A = P × ( 1 + r/100)^n
- Discount = M.P - S.P
- C.P = S.P - Profit
- S.P = Profit + C.P
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