Q.6 Simple interest on a certain sum is 16/25 of the sum. If the rate percent and the time are numerically equal, the rate percent is ____% per annum and the time is _____ years.
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- Simple Interest =
- Time = Rate (numerically)
- Time
- Rate of Interest
where,
- S.I. = Simple Interest
- P = Principal
- R = Rate
- T = Time
Let, the Principal be x,
Then, Simple Interest is .
Let, Time and Rate of Interest be y,
According to the question by using the formula of Simple Interest, we get the following equation,
According to the question by using the formula of Simple Interest, we get the following equation,
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