Question

2) If the simple interest earned on a sum of money at the end of 7 hears is 56 % of
the principal, what is the rate of interest ?​

Answer 1

Answer:

8 percent is right answer

Answer 2

Answer:

let principal be 'A'

we know that,

SI= (P×T×R)/100

where P: principal, T: time (in years), R: rate.

Going by question we have:

(A×7×R)/100 = (56×A)/100

solving it, we get R= 8%