This mathematics problem involves applying core mathematical principles and formulas. Below you will find a complete step-by-step solution with detailed explanations for each step, helping you understand not just the answer but the method behind it.
ScanSolve AI Answer
Step 1: Write down the formula for simple interest. The formula for simple interest is I = P × R × T, where I is the interest, P is the principal, R is the rate, and T is the time. Step 2: Identify the given values. I = 10\,000 Frs P = 50\,000 Frs T = 4 years Step 3: Substitute the values into the formula and solve for R. 10\,000 = 50\,000 × R × 4 10\,000 = 200\,000 × R To find R, divide both sides by 200\,000: R = (10\,000)/(200\,000) R = (1)/(20) R = 0.05 Step 4: Convert the rate to a percentage. To express the rate as a percentage, multiply by 100: R = 0.05 × 100\% R = 5\% 5\% Last free one today — make it count tomorrow, or type /upgrade for unlimited.