If the simple interest on 2000 for 4 years is 4000 then what is the interest rate

Question

asked Jan 2, 2022 163k views

1 Answer

Mkrause · Answer 1 · 2022-01-06T04:20:34+0000

Answer:

Principal = Rs 2000

Time = 4 years

Interest = Rs 400

Now, Interest= Principal×Rate×Time/100

400= 2000×R×4/100

R= 400×100/2000×4

Explanation:

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