Question

If the simple interest is 25% of principle and the time is equal to rate what will be the rate?

Answer 1

Answer:

5% per annum

Step-by-step explanation:

Let say Pr icnciple  = P

interest =  (25/100) * P  = P/4

Let say interest rate = N  % per annum

Time = N Year

P/4  = P * N * N /100

25 = N^2

N = 5

5% per annum will be rate