If simple interest becomes 5 times on a sum in 5 years. Find the rate of interest
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Hi mate ❤️❤️❤️
The simple interest is 2% because
When we sum up the simple interest of 5 years it will be
2+2+2+2+2=10%
Which is five times of 2%
Answered by
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Let he sum be x.
Time = 5 years
R=r% p.a.
SI=5x
5x=x*r*5/100
r=5x*100/5x
10%
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