If the simple interest on a certain sum of money for 3 years is three-tenth of the sum , then find the rate of interest per annum.
Answers
Answered by
4
Suppose :
Sum = P
Rate = R %
Time = 3 years.
Hence :
3PR / 100 = 3/ 10 P.
Cancelling P,
R / 100 = 1/ 10
=> R = 10 %
Hence the answer is that the rate of interest per annum is 10.
If it helps you the plzz follow me...
Answered by
4
Answer:
the rate of interest per annum = 10%
Attachments:
Similar questions