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The simple interest on a certain sum of money is 3/8 of the the sum after 6 1/4 years. Find the the rate per cent charged.
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The simple interest on a certain sum of money is 3/8 of the the sum after 6 1/4 years. Find the the rate per cent charged.

User Kaolick
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1 Answer

5 votes
Time= 6 1/4= 25/4
Principal- Rs x
Rate=?
Rate=100 * Simple Interest
Rate= 100*3x*4 divided by x*8*25
Rate=6%
User WinkerVSbecks
by
8.0k points
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