In S.I, a sum of money amounts to 888/- in 4 yrs and 1073 in 9 years. Find rate of Interest?
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Answer:
the principal be x and rate of interest be r % per annum then,
SI after 1 year = 920 – 880 = Rs. 40
∴ after 2 year = Rs. 80
=> 880 = x+80
=> x = 880-80 = 800
Hence 800 is the right answere
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