the interest on a certain sum of money is 0.24 times of itself in 3 years find the rate of interest
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Let p=100
Then interest=24
Interest=p*r*t/100
24=100*r*3/100
r=8% p.a
Then interest=24
Interest=p*r*t/100
24=100*r*3/100
r=8% p.a
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