The simple interest on a certain sum of money is 38 of the sum in 614 – InterviewSolution

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1.	The simple interest on a certain sum of money is 38 of the sum in 614 years. Find the rate percent charged.
Answer» The simple interest on a certain sum of money is $\frac{3}{8}$ of the sum in $6 \frac{1}{4}$ years. Find the rate percent charged.

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