What will be the rate percent per annum when the simple interest on a – InterviewSolution

1.

What will be the rate percent per annum when the simple interest on a sum for 5 years is 2 5 of the sum.

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Answer:

Step-by-step explanation:

If the simple interest on a sum for 5 YEARS is 2/5 of the sum then the RATE PER CENT per annum is 8%.

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