Question

8
.
The simple interest on a certain sum of money is 3/8 of the sum in 11/4 years .Find the rate percent changed​

Answer 1

Answer:

Let the sum of Money = P

SI = 3/8 P

time = 25/4 years

R = ?

SI = PTR/100

⇒ 3/8 P = P × 25/4 × R / 100

⇒ 3/8 = 25R/400

⇒ R = (3×400)/(8×25)

⇒ R = 6%

Rate is 6%.

Step-by-step explanation: