THE SIMPLE INTEREST ON A SUM FOR 3 YEARS IS 2/3 OF THE SUM.FIND THE RATE%PER ANNUM
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we know S.I=PxRxT/100
t=3 let p= sum
a/q PxRxT/100= PxRx3/100 which is equal to 2p/3
hence PxRxT/100=2P/3
from this r=200/9=22.22%
t=3 let p= sum
a/q PxRxT/100= PxRx3/100 which is equal to 2p/3
hence PxRxT/100=2P/3
from this r=200/9=22.22%
Answered by
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Simple Interest = P * 3 * r = P * 2/3
=> r = 2/9 = 200/9% = 22.22%
=> r = 2/9 = 200/9% = 22.22%
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