Practicing Success
The simple interest on ₹1350 is ₹20 more than simple interest on ₹1250 in 2 years then find the interest rate per annum. |
12% 10% 15% 18% |
10% |
\(\frac{P\;×\;R\;×\;T}{100}\) = S.I. ATQ, ⇒ \(\frac{1350 × RT}{100}\) - \(\frac{1250 × RT}{100}\) = 20 ⇒ \(\frac{RT}{100}\) × 100 = 20 ⇒ RT = 20 ⇒ R × 2 = 20 (Here T = 2) ⇒ R = 10% |