Question

At what rate of simple interest will rupees 5000 bring an interest of rupees 2200 in 5 years 6 months
How to do it. Please help me

Answer 1

Step-by-step explanation:

Rate?

P=₹5000

SI=₹2200

Time=5 years 6 months=5 years 6/12=5 years1/2=11/2 years

Rate=SI×100/Principal×Time

Rate=2200×100/5000×11/2

Rate=220000/2500×11

Rate=2200/25×11

Rate=200/25

Rate=8

So Rate=8% per annum