Ratio of principal and the amount after 2 years is 20: 30. Find the rate of simple interest per year.25 %20 %15 %12.5 %
Question
Solution 1
To find the rate of simple interest, we can use the formula:
I = PRT/100
Where: I = Interest P = Principal R = Rate of interest T = Time
From the problem, we know that the ratio of the principal to the amount after 2 years is 20:30. This means that the interest earned over 2 years is 30 - 20 = 10 Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study prob
Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solv
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