The simple interest on a sum of money is 1/4th of the principal and the number of years is equal to rate per cent per annum. Find the rate per cent.
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Step-by-step explanation:
let us consider that the sum is 100 RS
now => we get 1/4 interest means
=> 100/4 = 25 RS
=> here si = 25 RS and principal is 100 RS
=> it is given that time and rate are same so X,x
=> SI = p×r×t/100
=> 25 = 100×X×X/100
=> 25 = x²
=> x = 5
so rate is 5% and time is also 5 years
11.5% is not right answer according to me
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