if simple interest is equal to half of principal at the rate of 5 %per annum then what is the time?
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Question:
if simple interest is equal to half of principal at the rate of 5 %per annum then what is the time?
Step-by-step explanation:
Let the principal be P
Then, according to the question let the simple interest be S.I= P/2
Let rate of interest be r
Here time, t= 5 years
We know, S.I = P*r*t/100
=> P/2= P*r*5/100
=> R= 10
Hence the rate of interest would be 10%
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