owner container sum the simplest simple interest at the end of 6 1 /4 year becomes 3/8 of the sum find the rate of interest ans is 6
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Let the sum =s ,
Interest earnedon Rs s in 25/4 years =(3/8)s
Interest earned on Rs 100 in 25/4 years
={(3s/8)/s}×100 =3×25/2 =75/2
Interest earned per year on Rs 100 =(75/2)/(25/4) = 3×4/2=6
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