if the simple interest on rs 1400 be more than the interest on rs1000 by rs
60 in 5 years, find the rate percent per annum.
(A) 2%
(B) 5/4%
(C) 3%
(D) 1of2/3%
Answers
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Answer:
3%
Step-by-step explanation:
interest = 1400-1000
= 400
interest in 5 years = 60
400 → 5 years → 60
60 = 400 X 5 X R / 100
= 60/20
r= 3%
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