Question

13. The simple interest one a sum of 5 years is 2/5 of the sum. Find the rate of interest,
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Answer 1

Answer:

rate=8%

Step-by-step explanation:

term=5years

intrest=2/5 of p

i=prt/100

2/5p=pr×5/100

divide by p

r=2/5×100/5

r=8%