at what rate percent per annum will rs.800 amount to rs,1000 in 2 years
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at what rate percent per annum will rs.800 amount to rs,1000 in 2 years
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Answer:
P = Rs. 800, A = Rs. 1000, n = 2 years
Simple interest = A - P = 1000 - 800 = Rs. 200
Pnr/100 = 200
800 × 2 r/100 = 200
r/100 = 200/1600
r/100 = 1/8
r = 100/8 = 12.5%