The simple interest on a sum of money is \(\frac{8}{25}\) of the sum. If the number of years is numerically half the rate percent per annum, then the rate percentt per annum is: |
4% 5% 6% 8% |
8% |
Say, Sum = 25 S.I. = 8 here, Time = \(\frac{1}{2}\) x rate ⇒ 8 = \(\frac{25 × R × R}{100 × 2}\) ⇒ 8 = \(\frac{R^2}{8}\) ⇒ Rate of interest = \(\sqrt {64}\) = 8% |