Question

what rate per cent will the interest be half the principal in 10 years?

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Answer 1

Answer:

Answer is:

Step-by-step explanation:

S.I= P/2

Let rate of interest be r

Here time, t =10 years

We know, S.I = P×R×T/100

= P/2 = P×R×10/100

= R = 10

Hence the rate of interest would be 10%