A certain sum amounts to Rs.5150 in 3 years and Rs.5350 in 7 years at simple interest. Find the
rate of interest.
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1
Answer:
0.07%
Step-by-step explanation:
amount in three years =5150
amount in seven years=5350
simple interest in 4 years =200
in a year=50
principal=5150-150=5000
interest=s.i.*100/p*t
350*100/5000*10
=3500/50000
=0.07%
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