Question

The simple interest on a certain sum of money
3/8
of the sum in 6 1/4 years. Find the rate
percent charged.​

Answer 1

Answer:

R= 6%

Step-by-step explanation:

Simplest Interest (I) = PNR/100

Given,

I= 3/8P

N=6 1/4 = 25/4 years

so, 3/8 P = p* 25/4*R/100

=) R =6%