Simple interest on a sum is 25% of the principal and the number of years is equal to rate percent per annum. Find the rate of interest.7.5%5%7%25%
Question
Solution 1
The formula for simple interest is I = PRT/100, where I is the interest, P is the principal, R is the rate of interest, and T is the time in years.
Given that the interest is 25% of the principal, we can write this as I = 25P/100.
Also given that the number of years is equal to the rate percent pe Knowee AI is a powerful AI-powered study tool designed to help you to solve study problem.
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