Question

The simple interest on a sum for 5 years is 3/5th of the sum. The rate of interest per annum is

Answer 1

Hey, mate

Here is your answer.____

SI = P *( R/100) * T

Where symbols have their usual meanings.

(2/5) * P = P * (R/100) * 5

R = 8 percent per annum

Answer 2

Step-by-step explanation:

let principal be P

then Simple interest =3/5p

SI=p*r*t/100

3/5p=pr*1/100

3/5=r/100

Rate--3*100/5

Rate--60% Hope it helps you.