Question

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Q. A sum of money lent for 5 years at R% simple interest per annum. If the interest earned be one-fourth of the money lent, find the value of R.​

Answer 1

Solution-:

Let the sum = (P) = ₹100

∴ S.I. = (1/4 ) × ₹ 100 = ₹ 25

= ₹ 25Period (T) = 5 Years.

∴ Rate % = (S.I. × 100)/(P × T) = (25 × 100)/(100 × 5) = 5%

Answer 2

The value of R, rate is 5% p.a.

Time taken (T) = 5 years. = (5PR / 100) = PR/20.

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