Ben took out ₹ 1000 as loan from a bank. After one year he had to pay back ₹ 1200. Then the interest rate is
20

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Solution

The correct option is A 20
Given,
Principal = ₹ 1000
Amount = ₹ 1200

Now,
Interest accumulated over one year is = ₹ 1200 - ₹1000= ₹ 200

Then, the rate of interest is
$\frac{200}{1000} \times 100 = 20 %$

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Ben took out ₹ 1000 as loan from a bank. After one year he had to pay back ₹ 1200. Then the interest rate is 20

The correct option is A 20Given, Principal = ₹ 1000 Amount = ₹ 1200 Now, Interest accumulated over one year is = ₹ 1200 - ₹1000= ₹ 200 Then, the rate of interest is 2001000×100=20 %

Ben took out ₹ 1000 as loan from a bank. After one year he had to pay back ₹ 1200. Then the interest rate is
20

The correct option is A 20
Given,
Principal = ₹ 1000
Amount = ₹ 1200

Now,
Interest accumulated over one year is = ₹ 1200 - ₹1000= ₹ 200

Then, the rate of interest is
$\frac{200}{1000} \times 100 = 20 %$