Q21 of 32 Page 46

Let us fill in the blanks:

(i) A man who gives a loan is called___________.


(ii) The amount of ₹2p in t yrs. at the rate of simple interest of % per annum is ₹(2p + ________).


(iii) The ratio of the principal and the amount (principal along with interest) in 1 yr. is8:9, the rate of simple interest per annum is ________.

(i) Creditor.


(ii)



P = 2p, r = , t = t and I = ?


Since,




Hence, Amount = 2p +


(iii) 12.5%




Since, Interest = Amount – Principal


⇒ I =


As we know,




⇒ r = 12.5%


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