SOLUTION: a moneylender lends money collecting 5 paise for every rupee per month . find the rate of interest.

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Question 717625: a moneylender lends money collecting 5 paise for every rupee per month . find the rate of interest.
Answer by mananth(16946) About Me  (Show Source):
You can put this solution on YOUR website!
5 paise per rupee
5%2F100 rupees per rupee
Rs. 0.05 per rupee

percent = %280.05%2F1%29+%2A+100
=5%