Question

5. (a) A sum of 25,000 accumulated to * 55,000 after 12 years. Find the rate of
simple interest p.a., which was effective in this situation.​

Answer 1

Answer:

Interest=55000-25000= 30000

Time= 12year

Amount= 55000

Principal= 25000

SI= PRT/100

30,000*100/25000*12= R= 10 percentage

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