One rupee interest means how much percentage?

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Solution

There is a calculation of one rupee interest on the principal amount per month.
If an individual borrows $Rs.100$ at $Re1$ interest, for instance, he must pay $Re1$ interest per month.
So in one year, he has to pay Twelve rupees.
Hence, $Re1$ interest $Rs.100$ indicates that the interest rate is $12 %$ .

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One rupee interest means how much percentage?

There is a calculation of one rupee interest on the principal amount per month.If an individual borrows Rs.100at Re1 interest, for instance, he must pay Re1 interest per month.So in one year, he has to pay Twelve rupees.Hence, Re1interest Rs.100 indicates that the interest rate is12%.