Question

find the rate if principal is 800 times 5and SI is 100 and time is 2 years​

Answer 1

Answer:

The rate is 0.0125%

Step-by-step explanation:

Rate, R = I/P×T

• R = Rate
• I = Interest
• P = Principle
• T = Time

Given,

• P = 800 times 5 => P = 4000

• SI = 100

• T = 2 years

=> R = I/P×T

=> R = 100/4000×2

=> R = 0.0125%

Hence, Rate would be 0.0125%.