at what rate percent will the interest be half the principal in 10 years
Answers
Answered by
11
Answer: 5% pa
Step-by-step explanation:
let the principal be x and rate be r
so ,
SI = prt / 100 = x / 2(given)
⇒x × r × 10 / 100 = x / 2
⇒ 10r = 100 / 2( x gets cancelled)
r = 50 / 10
= 5% pa
Similar questions