Question

if the ratio of a principle and amount for 5 year is 5:6 then find the rate of simple interest per annum​

Answer 1

The rate of SI / annum is 8%.

Explanation :

/SI = 5/6

Let Principal = 5

Let SI for 5 Year = 6

SI for 1 Year = 0.8

Rate = SI / Principal * 100

0.8 / 5 * 100 = 8%.

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