a certain sum was invested on simple interest. th amount to which it had grown in 5 years was 5/4 times the amount to which it had grown in 3 years. The percentage rate of interest is?
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Answer:
12.5%
Step-by-step explanation:
let the sum after 3 years be X.
sum after 5 years be 5/4X.
time period = 2 years.
principal = X
amount = 5/4x.
interest = 5/4X - X. = 1/4X.
I = P * R * T/ 100
1/4X = X * R * 2 / 100.
R = 50 / 4.
= 12.5%.
THE ANSWER IS 12.5% . PLEASE MARK IT AS THE BRAINLIEST ANSWER.
IT WOULD BE MY PLEASURE
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