a sum of money lent out at simple interest amounts to rs 560 in years while in 5 years it amounts to rs 600. find the sum and rate of interest
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Answer:
10/7 %
Step-by-step explanation:
simple interest on sum = 600-560= 40 rs
term t = 5 years
we know
SI = PTR/100
40=560*5*R/100
R=40*100/2800
R=4000/2800
R=10/7%
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