Question

You invested ₹ 413 and received ₹417.13 after two years. What was the interest rate?

Answer 1

Answer:

0.5%

Step-by-step explanation:

I=PNR

R=Ix100/PN

Here

'I' is the interest, 'P' is the principal amount, 'N' is the time period, and 'R' is the rate of interest.