Question

if th is the interest on 5000 in 8 year is 5000 what is the rate of interest

Answer 1

rate of intrest=SI×100/p×t
=5000×100/5000×8
=25/2
=12.5

Answer 2

Interest(I)=5000
Principal (P)=5000
Time (T)=8
Rate (R)=?
Now,
By using formula,
R=I×100÷P×T
=5000×100÷5000×8
=500000÷40000
=12.5