Question

Find rate when .. principal =®5200 si =®975 and time =5/2 year

Answer 1

I trust you can do rest of the calculations

Answer 2

Answer:

The rate is 7.5%.

Step-by-step explanation:

Given : Principal P= Rs.5200, simple interest SI= Rs.975 and time $T=\frac{5}{2}$ year.

To find : The rate ?

Solution :

Applying simple interest formula,

$SI=\frac{P\times R\times T}{100}$

Substitute the values given,

$975=\frac{5200\times R\times \frac{5}{2}}{100}$

$97500=5200\times R\times \frac{5}{2}$

$R=\frac{97500\times 2}{5200\times 5}$

$R=7.5\%$

Therefore, the rate is 7.5%.