The simple interest on a sum for 5 years is 2/5 of the sum. The rate per cent per annum is
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Answered by
21
Answer:
8 %
Step-by-step explanation:
Interest = Principle * Interestet Rate per Annum * Time in Year /100
2/5P = P * Interest Rate per Annum * 5 /100
interest Rate Per Annum = 8 %
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Answered by
2
Answer:
Interest = Principle * Interestet Rate per Annum * Time in Year /100
2/5P = P * Interest Rate per Annum * 5 /100
interest Rate Per Annum = 8 %
Step-by-step explanation:
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