The simple interest earned on a certain sum in 5 years is 30% of the s – InterviewSolution

1.	The simple interest earned on a certain sum in 5 years is 30% of the sum. Find the rate of interest
Answer» -STEP explanation:Let the sum = (P) = ₹ 100S.I. = (30/100) × ₹ 100 = ₹ 30Period (T) = 5 Years∴ RATE = (S.I. × 100)/(P × T) = (30 × 100)/(100 × 5) = 6%

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