Question

at simple interest a sum becomes of itself in 5years.the rate of interest percent per annum i

Answer 1

Answer:

40/5 = 8%

Step-by-step explanation:

According to given condition the 2/5 or (2*100)/5 or 40% simple interest has been received on principal amount in 5 years. Rate of interest per year or annually will be 40/5 = 8%.