the simple interest on rupees 800 when invested at a certain rate of interest per annum for 4 years is equals to that on rupees 625 when invested for 8 years at a rate of 4% per annum find the rate of interest per annum in the first case
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Answer:
19.53125%
Step-by-step explanation:
Simple interest=625
Principal=800
Time=4yrs.
Rate of interest per annum=(625×100)÷(800×4)=19.53125%
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