Simple interest on a sum of money at the end of 5 years is ⁴/₅ of the sum itself. Find the rate per cent p.a.
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Step-by-step explanation:
Let Rsx be the sum. Then according to the question, the simple interest will be
5
3
x.
S.I.=
100
P×R×T
5
3x
=
100
x×R×5
R=
5×x×5
3x×100
R=12%
Answered by
0
Answer:
16% Rate
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