1. The simple interest on a sum for 5 years is one fourth of the sum. The rate of interest per annum is
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By: anil on 05 May 2019 02.00 am
it is given that simple interest on a sum for 5 years is one fourth of the sum let the sum be Rs P and rate of interest be R% so SI = $$frac{PRT}{100}$$ T= 5 years $$frac{P}{4}$$ = $$frac{PR5}{100}$$ R = 5%
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