A certain sum is given at certain rate for 3 years and 5 years. It was found that ratio of the amount of 3 years and 5 years are 7:9. Then find rate per annum.
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Step-by-step explanation:
If it's simple interest, then image.
Otherwise, change the formula to
a = P[( 1 + r) ^t - 1]
and apply the same method.
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