Solution:Let the rate of S.I. be r % per annum.∴ Time = r years
S.I. = (Principal × Time × Rate)/100
C.I. Principal[(1 + Rate/100)ᵀⁱᵐᵉ -1]
According to the question,
(P × r × r)/100 = P[(1 + r/100)² - 1]
(r ²)/100 = 1 + (r²)/10000 + (2r)/100 - 1
⇒ (r²)/100 = r/10000 + 1/50 ⇒ (r²)/100 - r/10000 = 1/50
⇒ (100r - r)/10000 = 1/50 ⇒ 99r = 10000/50 = 200
⇒ r = 200/99 = (2 2/99)% per annum