The simple interest on a sum of 5 years is one-fourth of the sum. what is the rate of interest per annum?
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Answer:
Rate is 5%
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Answer:
Step-bSay the initial sum was 100
so for 5 years we get 20 ie one fourth of 100
Step-by-step explanation:
This is 20% for 5 years
which is 20/4
=5% p.a. ANSWERy-step explanation:
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