The simple interest on a certain sum of money is 3/8 of the sun in 25/4 years find the rate percent charged
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Let the sum of money be = P
SI = 3/8P
Time=25/4 years
R=?
SI=PTR/100
3/8P = P X25/4 X R/100
3/8 = 25R/400
R= (3 X 400) / (8 X 25)
R = 6%
Therefore Rate is 6%
SI = 3/8P
Time=25/4 years
R=?
SI=PTR/100
3/8P = P X25/4 X R/100
3/8 = 25R/400
R= (3 X 400) / (8 X 25)
R = 6%
Therefore Rate is 6%
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