Question

On a certain sum the simple interest after 15 years becomes 3/4th of the sum. Find the rate of interest​

Answer 1

Answer:

Rate = 5%

Step-by-step explanation:

Let if Principal=4

then, Interest =3

3 = (4×r×15)÷100

3= 60r÷100

300÷60 = r

r =5%