if the simple interest on certain amount of money for 3 years is 3/10 of the sum,then find the rate of interest per annum
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Rate%=10%
Step-by-step explanation:
given: time =3 years
S.I=three ten of the principal
To find: Rate %
let principal be x
S.I=3/10 of x
As we know that
S.I=p×r×T/100
3/10 x=x×r×t/100
3x/10=3x/100
3T l0× 100/3=x
Therefore x=10%
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