Tirtharisalidn
Answered

IDNLearn.com: Where your questions meet expert answers and community support. Get accurate and comprehensive answers from our network of experienced professionals.

find rate

a)the interest of Re.1 of 1 month is 1 paisa.

b)the interest of re.1 of 1 month is 2 paisa​

Sagot :

Emmanuelariola123idn

Step-by-step explanation:

A.) Correct Answer: 12%

Given , Principle = ₹ 1 , Time = 1 month = ( 1 / 12 ) year and SI = 1 paisa = ₹ ( 1 / 100 )

As we know that ,

Rate =SI × 100Principal × Time

Rate =(1 ÷ 100) × 100= 12% p.a.1 × (1 ÷ 12)

B.) Correct Answer:

Answer:

See below ↓

Step-by-step explanation:

a) I = Prt

  • r = I/Pt
  • r = 0.01/1x(1/12)
  • r = 0.12
  • r = 12%

b)

  • r = I/Pt
  • r = 0.02/1x(1/12)
  • r = 0.24
  • r = 24%
Thank you for using this platform to share and learn. Don't hesitate to keep asking and answering. We value every contribution you make. Find the answers you need at IDNLearn.com. Thanks for stopping by, and come back soon for more valuable insights.