Question

If 500 becomes 625 in 4 years find the rate of simple interest

Answer 1

Answer:

6.25% is the answer

Step-by-step explanation:

Explanation is in the attached photo

Hope you got the answer!!

Answer 2

Answer:

Formula,

S.I = Prt%

P = 500

A = 625

T = 4years

S.I = A - P = 625 - 500 = 125

Now put the values in Formula.

S.I = Prt%

125 = 500 × r × 4/100

125/20 = r

6.25 = r