Question

10. On a certain sum, the simple interest at the end of (6-1/4) years becomes
of the sum. Find the rate of interest (3/8).
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Answer 1

Let the sum of Money = P

SI = 3/8 P

time = 25/4 years

R = ?

SI = PTR/100

⇒ 3/8 P = P × 25/4 × R / 100

⇒ 3/8 = 25R/400

⇒ R = (3×400)/(8×25)

⇒ R = 6%Answer:

The rate of interest is 6%

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Answer 2

Answer:

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