the SI on a sum of money is 1/9th of the principal and the number of years is equal to the rate per cent p. a. find the rate percent
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Answer:
rate is 10/3%
I hope u understood
tony19726:
solution
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Given:
- The S.I. on a sum of money is 1/9th of the principal.
- Time = Rate
To find out:
Find the rate %.
Formula used:
Solution:
Let the sum be Rs. P, time be x years and rate of interest be x %.
Then,S.I . = P/9.
Now,
Hence, Rate % p.a. = 3⅓.
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