A borrowed $R s 5000$ from B on simple interest after $8$ years B received $R s 2000$ more than the amount given to a on loan. Find the rate of interest

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Solution

Interest would be amount more received
$S . I = \frac{p r i n c i p a l \times r a t e \times t i m e}{100}$
$\Rightarrow r a t e = \frac{2000 \times 100}{5000 \times 8} = 5 %$ .

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A borrowed Rs5000 from B on simple interest after 8 years B received Rs2000 more than the amount given to a on loan. Find the rate of interest

Interest would be amount more receivedS.I=principal×rate×time100⇒rate=2000×1005000×8=5%.

A borrowed $R s 5000$ from B on simple interest after $8$ years B received $R s 2000$ more than the amount given to a on loan. Find the rate of interest

Interest would be amount more received
$S . I = \frac{p r i n c i p a l \times r a t e \times t i m e}{100}$
$\Rightarrow r a t e = \frac{2000 \times 100}{5000 \times 8} = 5 %$ .