Question

At what rate of simple interest per annum a sum of money will become 5 times in 20 years

Answer 1

Answer:

✨✨Hello mate ✨✨

Here is the solution :-

let the principal be Rs. 1000 .

Then, Amount = Rs. 5000

SI = A - P

=> Rs. (5000-1000)

=> Rs. 4000

Rate = SI × 100/P × T

=> (4000 × 100/1000 × 20 )%

=> (400/20)%

=> 20%

Hope it will help you.....

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