Question

The simple interest on a sum of money is 1 /16 of the principal and the number of years is equal to the rate of interest per annum find the rate of interest

Answer 1

9% is the answer of the answer

Answer 2

Answer:

5(1/2)

Step-by-step explanation:

let principal be X

SI = X/16 ( acc. to question)

rate = r%

time = r years ( since time is equal to rate % p.a.)

SI = PRT/100

X/16=X×r×r/100

25/4=r^2

5/2 = r