Question 145

The simple interest on a sum for 5 years is one fourth of the sum. The rate of interest per annum is

Solution

it is given that simple interest on a sum for 5 years is one fourth of the sum

let the sum be Rs P

and rate of interest be R%

so SI = $$\frac{PRT}{100}$$

T= 5 years

$$\frac{P}{4}$$ = $$\frac{PR5}{100}$$

R = 5%

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