Question

Simple interest on a sum of money at the end of 5years is 4 ratio 5 of the sum itself. Find rate percent p.a

Answer 1

Answer:

16 %

Step-by-step explanation:

S.I. = P*R*T/100

Let the sum of money be m then simple interest will be 4/5*m

4/5*m = m*R*5/100

4/5 = R/20

R/20=4/5

R = 16%