Question
If the simple interest on a certain sum of money for 2 years is one – fifth of the sum, then the rate of interest per annum is:
Answer: Option D
- We have, T = 2 years. Let the principal be Rs. x Then, simple interest (I) = Rs. x 5 Rate of interest (R) = =
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- We have, T = 2 years. Let the principal be Rs. x Then, simple interest (I) = Rs. x 5 Rate of interest (R) = =
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