Question

19. What sum of money lent out at 12 per cent p.a. simple interest would produce Rs. 9000 as
interest in 2 years?



20. Rs. 9000 becomes Rs. 18000 at simple interest in 8 years. Find the rate per cent per

annum.

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Answer 1

Answer:

Now, rate for first four years = (72*100)/360*4; = 5%.