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Answer:
RATE OF INTEREST = 8% PER ANNUM
Step-by-step explanation:
P = principle
N = number of years
R = rate of interest per annum
Simple interest = (P*N*R)/100
P + (P*N*R)/100 = (6/5)*P
(P*N*R)/100 = P/5
(5/2)*(R/100) = (1/5)
R/100 = 2/25
R = 8