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Home A sum of money becomes 8 / 5 of itself in 5 years at a certain rate of simple interest .find the rate of interest. Open in App Solution Given: Time, T=5 yearsLet the principal be PRate of interest =R Amount, A=8P5Simple Interest, S.I= Amount − Principal =8P5−P=3P5 (adsbygoogle = window.adsbygoogle || []).push({}); ∴S.I=3P5 Again, S.I=P×R×T100⇒3P5=P×R×5100⇒35=5R100⇒35=R20⇒R=3×205⇒R=3×4∴R=12. The required rate of interest is 12%.Suggest Corrections 25 Similar questions Q. A sum of money becomes 6 times of itself in 8 years. Find the rate of Simple Interest. At what rate percent simple interest will a sum of money will amount to 5 3?At what rate percent simple interest will a sum of money will amount to 53. of itself in. 6 years 8 months? ans=10%
At what rate percent SI will a sum of money will amount to 5/3 of itself in 6 years 8 months?The correct option is 3 i.e. 2.5% p.a.
At what rate percent simple interest will a sum of money amount to 5 4 of itself in 2 years?At 12.5% simple interest the sum of money will amount to 5/4 of itself in 2 years.
At what rate percent per annum will a sum of money triple in 8 years?R=12. 5%
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At what rate percent simple interest will a sum of money will amount to 5/3 of itself in 6 years 8 months?
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