simple interest on a sum of money at the end of 5 years is 4 upon 5 of the sum itself.find the rate per cent p.a.
Answers
Answered by
5
Answer:
16%
Step-by-step explanation:
let principal be P
time = 5 year
simple interest = 4/5p
P×R×T/100 = 4/5p
= P×R×5/100 = 4/5p
R = 4/5 × 100/5
= 16%
Hope this helps ya...
Answered by
1
let principal be P
time = 5 year
simple interest = 4/5p
P×R×T/100 = 4/5p
= P×R×5/100 = 4/5p
= R = 4/5 × 100/5
= 16%
_________________________
Similar questions