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Answer:
8%
Step-by-step explanation:
Suppose, He borrowed Rs. X
So, His interest is Rs. (3X-X) = 2X [As the amount trebled]
∴ interset of Rs. X in 25 yrs is Rs. 2X
,, ,, Rs. 1 in 1 yr is Rs. (×
)
,, ,, Rs. 100 in 1 yr is Rs. (×100) = 8
Ans. Rate of interest is 8%
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