Question

Noone money will be ₹ 575 in 3 years at the rate of simple interest and ₹ 625 in 5 years Find the rate of interest

Answer 1

The money will be in 3 years - 575in 3 years
The interest in 5 years - 625 in 5 years
The rate of interest is - 575-625 - 50
Hence,the rate of interest is 50
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