Question

A certain sum of money becomes 5/2 times of itself in 5 years. Find the rate of intrest

Answer 1

Answer:

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Step-by-step explanation:

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Answer 2

Answer: 30%

sol: (n-1) = (r x t) / 100

where, n = times

so, {(5/2) - 1} = {(r x 5) / 100}

3 / 2 = r / 20

r = 30%