Emilie T. answered • 07/01/15
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2
(1)
College Graduate for K-12, Lower Division College
So after 5 years with simple interest, the total interest is 2/5 of the loan amount. That's 40%. With simple interest, the interest is the same each year, so divide 40 by 5 to get 8% per year.
DEEPSHIKHA S.
thanks for the immiediate reply but my question was something else :)
question is : what is the ratio of loan amount : interest
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07/01/15
Pawan D.
The rate of interest is 2:5 because 8% rate is per annum.
Since the question does not mention that, i would take it as the rate of interest for a period of 5 years instead of yearly.
Now requied ratio becomes 5:2/5, solving which we get 25:2. That is your answer.
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04/12/17
Satyendra Y.
Si = (p*r*t)÷100
2 = (5×5×r)÷100
r = 8%
8% = 8÷100 = 2 ÷ 25
Loan amount : interest
25 : 2
2 = (5×5×r)÷100
r = 8%
8% = 8÷100 = 2 ÷ 25
Loan amount : interest
25 : 2
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06/15/17
DEEPSHIKHA S.
07/01/15