The simple interest on a certain sum of money is 3/8 of the sum in 25/4 years find the rate percent charged
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Answered by
163
Let the sum of Money = P
SI = 3/8 P
time = 25/4 years
R = ?
SI = PTR/100
⇒ 3/8 P = P × 25/4 × R / 100
⇒ 3/8 = 25R/400
⇒ R = (3×400)/(8×25)
⇒ R = 6%
Rate is 6%.
SI = 3/8 P
time = 25/4 years
R = ?
SI = PTR/100
⇒ 3/8 P = P × 25/4 × R / 100
⇒ 3/8 = 25R/400
⇒ R = (3×400)/(8×25)
⇒ R = 6%
Rate is 6%.
Answered by
71
Simple Interest = PTR/100
3/8 P = P × 25/4 × R / 100
3/8 = 25R/400
R = (3×400)/(8×25)
R = 6%
Rate is 6%.
3/8 P = P × 25/4 × R / 100
3/8 = 25R/400
R = (3×400)/(8×25)
R = 6%
Rate is 6%.
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