if rupees 5000 become Rupees 6000 in 2 years what is the rate of interest per annum.
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if rupees 5000 become Rupees 6000 in 2 years what is the rate of interest per annum.
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Answer:
I think it must be 5724 I think it must be 5724 I think it must be 5724
Answer:
S. I =₹6000-₹5000=₹1000
S. I=PTR/100
₹1000=500×2×R/1000-100R
1000=100R
=100/1000
R=10%