the simple interest on a sum of money is 25% of the principal and the number of year is equal to the rate percent per annum. Find the rate
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hEYA MATE!!! HERE IS YOUR ANSWER
As given, simple interest(SI) is 25% of principal(P) and number of year(T) is equal to the rate(R) of percent.
Therefore
SI = 25 % of P
T = R
As we know SI = P * R * T / 100
So we have
25%of p = p * r * t /100
25/100 * P = PR^2/100
R^2 = 25
R = 5
Hence, Rate is 5 %
Have a good day ahead mate!!!
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