Math, asked by kaurekamjot464, 17 days ago

A sum of money amounts to 10000 after 5 years and 15000 after 8 years at the same rate of simple interest. Find the rate of interest per annum.

Answers

Answered by Om866877

0

Answer:

Interest earned in 4years = 31000–25000 = 6000

Simple Interest per year = 6000/4

= PRT = 1500

= 25000*R*1 = 1500

R = 1500/25000 = 0.06

Thus Simple Interest rate is 6p.c.p a

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