Question

the compound interest on a certain sum for 2 years is rupees 5 12.5 whereas the simple interest on the same sum at the same rate for 2 years is rupees 500 the rate of interest per annum is​

Answer 1

Answer:

5 percent per year

Step-by-step explanation:

1 year simple interest is 250

so rate of interest will be 250×r/100=12.5

r= 12.5×100/250=5

r= 5 percent per year