Question

Find rate of interest, simple interest on 1625in 5/2 years is 325

Answer 1

Answer:

Step-by-step explanation: SI= PRT/100

Let the rate of interest be r then,

According to the question,

325= 1625*r*5/2/100

=> 325*2/5*100=1625r

65*2*100=1625r

13000/1625= r

8=r

Therefore,

Rate of interest = 8%pa.