Question

the simple interst earned on a certain sum in 5 years is 30% of the sum .find the rate of interst

Answer 1

Answer:

6%

Step-by-step explanation:

Let the sum be x

We are given that simple interest earned on a certain sum in 5 years is 30% of the sum

So, simple interest =

Time - 5 years

Let the rate of interest be r

Hence the rate of interest is 6%

Answer 2

Answer:

I hope this is helpful for you.