Question

what is the rate of interest applied on 5000 such that s.i on it is rs 500 when calculated for 2 years

Answer 1

sorry yarr I don't know

Answer 2

S.I =500

Principal=5000

Time =2 years

S.I=P×R×T/100

S.I =500 (given)

500=5000×R×2/100

than inorder to get Rate of interst we have to multiply S.I (given) with 100 and divide it by principal(given) and time.

R=500×100/5000×2

=20%