The simple interest on Rs 2000 for 4 years is Rs 400 Find rate percentage of interest
Answers
Answered by
2
Step-by-step explanation:
SI =400
P=RS 2000
TIME= 4 YEARS
R=?
R=SI ×100/P×T
= 400×100/2000×4
= 5 percent p.a
Answered by
0
Answer:
5%
Step-by-step explanation:
Principal = Rs 2000
Time = 4 years
Interest = Rs 400
Now, Interest=
100
Principal×Rate×Time
400=
100
2000×R×4
R=
2000×4
400×100
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