Question

mannan miyan observed, after 6 years of talking a loan that the interest to be paid had become 3/8th of its principal . let us determine the rate of simple interest in percent per annum ​

Answer 1

Answer:

Isn’t it already in the simplest form?!

Step-by-step explanation:

Answer 2

Answer:

Let’s loan taken by Mannan Miyan was = p

Step-by-step explanation:

So, the interest paid becomes =  

As we know,

Here, P = p, r = ?, t = 6 yr and  

Hence, the rate of simple interest in percent per annum is .