Math, asked by Anonymous, 2 months ago

The simple interest eamed on a certain sum in 5 years is 30% of the sum. Find the rate of interest

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Answers

Answered by Anonymous
25

Given:

The simple interest eamed on a certain sum in 5 years is 30% of the sum. Find the rate of interest

To Find:

The rate of interest.

Solution:

Let the sum (P) = ₹ 100

S.I. = \frac{30}{100}×{₹100}={₹30}

Period (T) = 5 years

 ∴ Rate =

\frac{S.I.×100}{P×T}=\frac{30×100}{100×5} = 6%

So, the rate of interest is 6%

Answered by VivaciousDork
16

Let the principal sum be Rs 100

Then simple Interest =

 \frac{30}{100}  \times 100

= Rs 30

Now, Given Time =5yrs

Hence Rate of interest = 30 × 100 ÷ 100 × 5= 6%

Hence the final answer is 6%

Hope this helps you ♥️

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