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16 September, 21:21

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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  1. 16 September, 22:23
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    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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