simple interest on a sum of money at the end of 5 year is 4/5 of the sum itself. Find the rate percent per annum
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Answer:
16% is the answer.....
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Step-by-step explanation:
SI=(P*T*R)/100
(4/5)*P=(P*5*R)/100
4P/5=5PR/100
400P=25PR
400P/25P=R
R=16%
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