Question

At what rate per annum will the simple interest on a certain
sum of money be 1/5 of the amount in 10 year?​

Answer 1

Answer:

ANSWER

SI=

5

2

P,t=10,r=?

100

Ptr

=

5

2

P

or

100

10×r

=

5

2

or r=

5

20

=4%