Ram benowed Rs . 10000 and returned Rs. 12000 after 2 years Find the rate of interest.

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Solution

We know that I=PRT/100
I=12000-10000=2000
P=10000
T=2

SUBSTITUTE
2000=(10000xR×2)/100
(2000100)/(100002)=R
R=10
This is the rate of intreInterest

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Ram benowed Rs . 10000 and returned Rs. 12000 after 2 years Find the rate of interest.

We know that I=PRT/100 I=12000-10000=2000 P=10000 T=2 SUBSTITUTE 2000=(10000xR×2)/100 (2000*100)/(10000*2)=R R=10 This is the rate of intreInterest

We know that I=PRT/100
I=12000-10000=2000
P=10000
T=2

SUBSTITUTE
2000=(10000xR×2)/100
(2000100)/(100002)=R
R=10
This is the rate of intreInterest