# At what rate would you earn $150 in interest on$5,000 for one year?

Rate of interest should be 3%
Let $R$ be the rate , $I$ be the interest, $P$ be the principal , $T$ be the time in year.
Here I=150; P=5000 ; T=1 ; R=?
We know I=(P*R*T)/100 or R=(I*100)/(P*T) ; R= (150*100)/(5000*1)=3%[Ans]