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      Question

      Find the rate of interest if amount after 2 years on

      simple interest on a capital of Rs 1000 is Rs 1200.
      A 5 percent Correct Answer Incorrect Answer
      B 20 percent Correct Answer Incorrect Answer
      C 10 percent Correct Answer Incorrect Answer
      D 15 percent Correct Answer Incorrect Answer

      Solution

      ATQ, we can say that SI = (P ├Ч R ├Ч T)/100 SI = (1000 ├Ч R ├Ч 2)/100 SI = 20R A = SI + P 1200 = 20R + 1000 200 = 20R R = 10% тИ┤ The rate of interest is 10%.

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