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9 The simple interest on a sum ofer5 years is one-fourth of the sum. What is the rate of interest per annum? |
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Answer» Simple Interest = P*R*T/100Let sum be P Given T = 5, R =?, SI = (1/4)P Then,SI = P*R*T/100(1/4)P = P*R*5/100100/(4*5) = RR = 5 % Rate of Interest = 5% |
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