Question

P = 8000
R = ?
T = 5Year
S.I = 500

Find the rate.​

Answer 1

Step-by-step explanation:

R=100*SI/P*T

=100*500/8000*5

=5/4%

Answer 2

SI=P*R*T/100

500=8000*R*5/100
500=80*R*5/1
500=400*R
R=500/400

R=5/4% p.a