sum of money becomes 8/5 itself in 5 years at certain rate of interest find rate of interest
Answers
Answered by
1
let sum be rs.x. SI =rs.8/5x. given t= 5 yrs
therefore. R = 100 × si ÷ p × t
= 100 × 8x/5 ÷ x × 5 = 32 % p.a.
therefore. R = 100 × si ÷ p × t
= 100 × 8x/5 ÷ x × 5 = 32 % p.a.
Similar questions