1. **Problem 1: Calculate the interest rate $r$ given principal $P=5439$, rate $r=8.5\%$ per annum, and amount $A=X$.**
Since the problem states $r=8.5\%$ per annum, this is the interest rate. If $X$ is the amount after interest, then the formula for simple interest is:
$$A = P(1 + rt)$$
where $t$ is time in years. However, $t$ is not given, so we cannot find $X$ without $t$. If $t$ is known, substitute values to find $X$.
2. **Problem 2: Given principal $P=10450$, amount $A=10600$, find the interest rate $r$.**
Using the simple interest formula:
$$A = P(1 + rt)$$
Assuming $t=1$ year (since not specified), solve for $r$:
$$10600 = 10450(1 + r \times 1)$$
Divide both sides by 10450:
$$\frac{10600}{10450} = 1 + r$$
Calculate the left side:
$$1.01435 = 1 + r$$
Subtract 1:
$$r = 0.01435$$
Convert to percentage:
$$r = 1.435\%$$
**Final answers:**
- Problem 1: Interest rate $r=8.5\%$ per annum (time $t$ needed to find amount $X$).
- Problem 2: Interest rate $r=1.435\%$ per annum assuming $t=1$ year.
Interest Rate
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