A sum of 10,000 amounts to 15 000 in 5 years at the rate of the simple interest what is the rate of interest?
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p=10,000 , t=4 years , SI=15000–10000=5000 , r=?
SI=npr/100
5,000= 4 × 10,000 × r /100
5000=4r ×100
r=5000/400
r=50/4
r=12.5% Ans.
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