At simple interest sum becomes 1.75of itself in 5 years
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At simple interest sum becomes 1.75of itself in 5 years
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Explanation:
Let sum be x and rate be r%
then, (x*r*15)/100 = 3x [important to note here is that simple interest will be 3x not 4x, beause 3x+x = 4x]
=> r = 20%