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A sum of Rs. 12500 amounts to Rs. 25000 in 10 years at the rate of simple interest. What is the rate of interest?

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A sum of Rs. 12500 amounts to Rs. 25000 in 10 years at the rate of simple interest. What is the rate of interest?
posted Jul 23, 2019 by Tapesh Kulkarni

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1 Answer

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10%

(25000-12500)/10=1250
1250/12500=10%

answer Jul 24, 2019 by Hanifa Mammadov



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