Question

principal = Rs. 350, simple interest = Rs. 140, time =5 years ​

Answer 1

Answer:

Rate= 8%

Step-by-step explanation:

So as we know;

S = P * R * T / 100---------------------(i)

Here,

Principal= Rs.350

Simple Interest= Rs.140

Time= 5 years

Putting the values in eq.1

140= 350 * R * 5 / 100

R = 8%