simple interest earned on a sum is 5years on 30% of a sum . find the rate percentage
Answers
Answered by
2
Answer:
3/2
Step-by-step explanation:
30/100=3/10×5=3/2
Answered by
1
Answer:
8%
Step-by-step explanation:
let the sum be x
time(t) =5 yrs
si=40%of x
=40×x/100
=2x/5
therefore rate(r)=si×100/p×t
=2x/5×100/x×5
=40x/x×5
=8%
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