Math, asked by 4964asha, 1 month ago

The simple interest earned on a certain sum in 5 years is 20% of the sum. Find the rate of interest.

Answers

Answered by joshivedanth168

2

Answer:

4%

Step-by-step explanation:

Let the sum be(P)= Rs.100

SI=(20/100) X100 = 20 Rs.

T= 5years

∴ Rate = (S.I. × 100)/(P × T)

= (20 × 100)/(100 × 5)

= 2000/500

=4%

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