Question

At what rate of simple intrest a sum of ₹ 2600 yields ₹1040 after 5 years ?​

Answer 1

Answer:

dont know

Step-by-step explanation:

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Answer 2

➵ Let the rate of S.I be x

⟼ Principal = Rs. 2600

⟼ Time = 5 years

⟼ S.I = Rs. 1040

By using the formula :

➢ S.I = (P×R×T)/100

⟼ 1040 = (2600×x×5)/100

⟼ 1040 = 130x

⟼ x = 1040/130

∴ x = 8% p.a