Question

what rate gives rs 200 as interest on a sum of rs 500 for 2 years​

Answer 1

Step-by-step explanation:

We have,

We have, P=Rs.500

T=2years,

SI=Rs.200

We know that,SI= P×R×T/100

200= 500×R×2/100

R= 200/2*5

R=20%

Hence, the value of the rate is 20%.