Question

Aditi has invested ₹ 1,00,000 for 2 years and has received ₹ 10,000 as interest. What is the rate percent?

Answer 1

Answer: 5%

Explanation:

Aditi invested 100,000 Rupees and after 2 years had 10,000 Rupees in interest.

Interest percent is therefore:

= Interest / Principal

= 10,000/100,000

= 10%

This is for 2 years though so you need to find for a year:

= 10%/2

= 5%