ü) If the ratio of principal and simple interest is 10:3, for 5 years, rate of interest per
annum will be
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Answer:
6%
Step-by-step explanation:
let prinicipal = 10
SI for 5 years = 3
SI for 1 year = 0.6
Now, Rate = (SI/Principal)×100 = (0.6/10)×100 = 6%
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