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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, SI = (P Γ— R Γ— T)/100 SI = (1000 Γ— R Γ— 2)/100 SI = 20R = SI + P β‡’ 1200 = 20R + 1000 β‡’ 200 = 20R β‡’ R = 10%

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