Question

9. The simple interest on a sum of money at the end of 8 years in 2/5th of
the sum itself. Rate percent of interest charged was

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Answer 1

Answer:

5% PA simple rate of int

Step-by-step explanation:

Say the sum was 800

so the int was

2/5 *800=320

and int was 320

for 8 years

= 40/annum on 800

=5% pa.....ANSWER

Answer 2

Answer:

5%

hope it is helpful