FudgeKing FudgeKing

20-04-2017
Mathematics

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The simple interest on a certain sum of money is 3/8 of the the sum after 6 1/4 years. Find the the rate per cent charged.

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cutelion918 cutelion918

20-04-2017

Time= 6 1/4= 25/4
Principal- Rs x
Rate=?
Rate=100 * Simple Interest
Rate= 100*3x*4 divided by x*8*25
Rate=6%

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