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 interest.
⠀⠀⠀⠀(Answer :- 5/2)



⠀⠀⠀⠀⠀No spamming ! :)​

Answer 1

$\huge\pink{\boxed{\red{\mathfrak{\fcolorbox{green}{cyan}{\underline{\green(answer)}}}}}}$

Let principal = P, time = T and rate = T

According to the question,

(P x T x T) / 100 = P/16 [∵ time and rate are equal]

⇒ T2 = 100/16

or T = 10/4 = 5/2 = 2½ %

_________________вαву qυєєη❤࿐

Answer 2

Answer:

Here is your Answer Mate

Hope it helps you