At what rate per annum will RS 8000 amount to 1000 in 2years?

Asked by anirbanhalder87 | 16th Oct, 2019, 08:37: AM

Expert Answer:

The question should be like this
At what rate per annum will RS 800 amount to 1000 in 2years?
 
P = Rs. 800, A = Rs. 1000, n = 2 years
Simple interest = A - P = 1000 - 800 = Rs. 200
 
Pnr/100 = 200
800 × 2 r/100 = 200
r/100 = 200/1600
r/100 = 1/8
r = 100/8 = 12.5%

Answered by Sneha shidid | 16th Oct, 2019, 09:31: AM