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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

I=A−P=2500−2000=500500/2000×100=25% Interest for 2 years =25% Interest for 1 years =25%/2=12.5%

Posted by

Shailly goel

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