Question

At what rate of simple interest would a sum of money amount to 7/4 of itself after 5/2 or 2.5 years.

Answer 1

Answer: 30

Step-by-step explanation: Let the money be 100

Then it will be 7/4 of itself in 2.5 years

100*7/4=175

Principle is 100

Amount is 175

Interests is 175-100=75

One Year interest is 75/2.5 = 30

Rate of interest is 30/100*100= 30