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14 votes
1.Interest rate=7%p.a.Find the interest of Rs 200 for years.

2.Interest rate=11%p.a.Find the interest of Rs 2000 for years.

User Jack Love
by
6.2k points

1 Answer

7 votes

Explanation:

Question does not specify how many year and is in plural form considering the level of question I will consider it is some typo error and is just 1 year

Step 1

Finding Intrest for Rs200

We have

Principal(P) = Rs 200

Rate (R) = 7%pa

Time (T) = 1year

Intrest(I) =?

We have ,

I =PTR/100

=200*7/100

=Rs 14

Step 2

Finding intrest for Rs2000

Given

Principal(P)=Rs2000

Rate(R) =11%

Time(T) =1 year

Intrest(I) =?

We know,

I =PTR/100

=2000*11/100

= 20*11

=Rs 220

User Judepereira
by
5.0k points