At what rate of simple interest will a sum of money amount to 6/5 of itself in 2 years 6 months
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5 of itself in 2 years 6 months
At what rate of simple interest will a sum of money amount to 6/5 of itself in 2 years 6 months
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Answer:
8%
Step-by-step explanation:
Let the required sum be Rs.x
Rate of interest =r%
Time= 2 whole 1/2 years = 5/2 years
Amount=(6/5)×sum
Amount=principal+SI
6/5×x=x× P×R×T/100
6×5=1×r/40
r=40×1/5
r=8%
Answer:
Let the required sum be Rs.x
Rate of interest =r%
Time= 2 whole 1/2 years = 5/2 years
Amount=(6/5)×sum
Amount=principal+SI
6/5×x=x× P×R×T/100
6×5=1×r/40
r=40×1/5
r=8%
Step-by-step explanation: