Question

A sum of money becomes 8/5 of itself in 5 years at a certain rate of simple Interest. Find the rate of interest. ​

Answer 1

Answer:

Time is given as 5 years. So as per given values. So, the rate of interest is equal to 12 percent per annum.

192 votes

Hello, Let the principle be rs xTime is given as 5 years. So, amount becomes 8x/5Now ,We know ... More

$\huge{\underline{\underline{\mathfrak{\pink{Answer:}}}}}$Refer to the attachment

Answer 2

values. So, the rate of interest is equal to 12 percent per annum.

192 votes

Hello, Let the principle be rs xTime is given as 5 years. So, amount becomes 8x/5Now ,We know