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  • If Rs.2000 amounts to Rs.2500 in 2 years at simple interest, what is the rate of interest per annum?Option: 1 8%<div class='qna-option'

If Rs.2000 amounts to Rs.2500 in 2 years at simple interest, what is the rate of interest per annum?

Option: 1

8%


Option: 2

37.5%


Option: 3

25%


Option: 4

12.5%


Answers (1)

best_answer

$\begin{aligned} & \mathrm{I}=\mathrm{A}-\mathrm{P} \\ & =2500-2000=500 \\ & 500 / 2000 \times 100=25 \% \\ & \text { Interest for } 2 \text { years }=25 \% \\ & \text { Interest for } 1 \text { years }=25 \% / 2=12.5 \%\end{aligned}$

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Shailly goel

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