The maturity value of a certain sum of money after 3 years is Rs. 8,255 and after 5 years it is Rs. 9,425 at the same rate of simple interest. Find the interest rate per annum.
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Answer:
₹565 per annum
Step-by-step explanation:
You are getting ₹ 1130 interest at the gap of two years, so ₹ 565 interest for 1 year
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