Question

the simple interest on a sum of money at the end of 5years is 4/5 of the sum.find the rate of interest

Answer 1

Answer:

16 %....answer

Step-by-step explanation:

let principal intrest be P

time taken = 5 year s

simple interest = 4/5p

P*T*R/100 = 4/5p

= P*5*R/100 = 4/5p

R = 4/5 × 100/5

= 16%

Hope it helps!!