Question

The simple interest on a certain amount of money is 1/4 of the amount in 2 years. Find the rate per cent.​

Answer 1

Suppose the sum = P

Then the Simple interest I = P/4

Time t = 5 years

If the rate of interest p.a. = r%

Then I = Ptr/100

=> P/4 = P × 5 × r/100

=> r = 100/20 = 5%

Hope it is helpful

Pls mark me as brainliest.