Question

the simple interest eared on a certain sum in 5 years is 30%of the sum . find the rate of interest​

Answer 1

Answer:

Let the sum = (P) = ₹ 100

S.I. = (30/100) × ₹ 100 = ₹ 30

Period (T) = 5 Years

∴ Rate = (S.I. × 100)/(P × T) = (30 × 100)/(100 × 5) = 6%

Step-by-step explanation:

plz mark a brain liest