Question
Find the simple interest rate per annum if a person
invested ₹5,000 for two years and received ₹5,600 at the end of two yearsSolution
ATQ, Let the rate of interest be R. Given, amount at the end of first year = ₹5600. Interest = Amount - Principal = ₹5600 - ₹5000 = ₹600. Interest = (P×R×T)/100 = 600 = (5000×R×2)/100 = 6%
Rourkela Steel Plant is developed by the assistance of
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