In how much time will the simple interest on a sum of money at 8% p.a. be 2/5 of principal ?
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Answer:
In 5 years the simple interest be of the principal at 8 percent per annum .
Step-by-step explanation:
Formula
As given
Simple interest be of the principal at 8 percent per annum.
Rate = 8%
Putting all the values in the formula
Time = 5 years
Therefore in 5 years the simple interest be of the principal at 8 percent per annum .
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