9. if the simple interest of the sum in 1/3 years of the sum is 3 years , find the rate of interest
per annum.
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Answer:
the answer is downwards
Step-by-step explanation:
Time = 3 years
SI = 1/3 of the sum
To find:
The rate of interest.
Solution:
The simple interest on any principal is given by:
SI = \frac{PRT}{100}SI=100PRT
So in the question SI = P/3
Put it in the formula,
\frac{P}{3} = \frac{PR.3}{100}3P=100PR.3
\frac{1}{3} = \frac{R.3}{100}31=100R.3
\frac{100}{9} = R9100=R
R = 11\frac{1}{9}%R=1191 %
So the rate of the interest will be R = 11\frac{1}{9}%R=1191 %.
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