Simple interest on a sum at $r\%$ per annum for $r$ years equals the principal. The value of $r$ is
Simple interest on a sum at $r\%$ per annum for $r$ years equals the principal. The value of $r$ is
- $5$
- $10$
- $12.5$
- $15$
Solution
SI $= P \Rightarrow \dfrac{P \cdot r \cdot r}{100} = P \Rightarrow r^{2} = 100 \Rightarrow r = 10$.
Asked in: IMO
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