Practicing Success
The simple interest on a sum of money is \(\frac{18}{25}\) of the sum. If the number of years is numerically half the rate per annum, then find the rate percent per annum. |
12% 8% 6% 4% |
12% |
SI = \(\frac{18 → SI}{25→ principal}\) Let rate = 2x%, then year = x SI = \(\frac{P × R × T}{100}\) 18 = \(\frac{25 × 2x × x}{100}\) ⇒ x2 = 36 x = 6 then rate = 2x = 12% |