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The simple interest on certain sum of money is 1÷25 times of principle ,the rate of interest when rate of interest and time are same .?
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The simple interest on certain sum of money is 1÷25 times of principle...
Solution:

Given:
- Simple interest (SI) = 1/25 times the principal amount (P)
- SI = (1/25)P

Formula for Simple Interest:
SI = (P * R * T) / 100

When R = T:
- Let rate of interest = R
- Let time = T

Substitute the given values:
(1/25)P = (P * R * R) / 100

Solving for R:
R^2 = (100 * 1) / 25
R^2 = 4
R = 2%

Therefore, the rate of interest is 2% when the rate of interest and time are the same.
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