Question

Find the rate of interest when simple interest on Rs. 1625 in 2.5 years is Rs. 325

Answer 1

Principal(P) : Rs.1625
Simple Interest(S.I) : Rs.325
Time(T) : 2.5years
Rate of Interest(R) : ?
Formula:
= S.I = (P * R * T)/100
= 325 = (1625*R*2.5)/100
= 325 = 40.625*R
=> R = 325/40.625
= R = 8%

Rate of Interest : 8%

Answer 2

Step-by-step explanation:

this is the right answers