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

Mathematics

1 answer:

Tomtit [17]3 years ago

6 0

Answer: 5%

Step-by-step 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%

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