18. The simple interest eamed on a certain sum in 5 years is 30% of the sum. Find the rate of interest

18. The simple interest eamed on a certain sum in 5 years is 30% of th

1.	18. The simple interest eamed on a certain sum in 5 years is 30% of the sum. Find the rate of interest
Answer» <html><body><p>Step-by-step explanation:<a href="https://interviewquestions.tuteehub.com/tag/let-11597" style="font-weight:bold;" target="_blank" title="Click to know more about LET">LET</a> the <a href="https://interviewquestions.tuteehub.com/tag/sum-1234400" style="font-weight:bold;" target="_blank" title="Click to know more about SUM">SUM</a> = (P) = ₹ 100 S.I. = (30/100) × ₹ 100 = ₹ 30 <a href="https://interviewquestions.tuteehub.com/tag/period-1151023" style="font-weight:bold;" target="_blank" title="Click to know more about PERIOD">PERIOD</a> (T) = 5 Years ∴ <a href="https://interviewquestions.tuteehub.com/tag/rate-1177476" style="font-weight:bold;" target="_blank" title="Click to know more about RATE">RATE</a> = (S.I. × 100)/(P × T) = (30 × 100)/(100 × 5) = <a href="https://interviewquestions.tuteehub.com/tag/6-327005" style="font-weight:bold;" target="_blank" title="Click to know more about 6">6</a>%</p></body></html>