Question

ü) If the ratio of principal and simple interest is 10:3, for 5 years, rate of interest per
annum will be​

Answer 1

Answer:

6%

Step-by-step explanation:

let prinicipal = 10

SI for 5 years = 3

SI for 1 year = 0.6

Now, Rate = (SI/Principal)×100 = (0.6/10)×100 = 6%