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Question

At what % of simple interest per annum will Rs. 400 amount to Rs. 520 in five years?

Q: At what % of simple interest per annum will Rs. 400 amount to Rs. 520 in five years?

According to the question, P = Rs 400 T = 5 years &there4; 520 – 400 = (400 × R × 5)/100 ⇒ R = 12000/2000 = 6%

A 5%

B 9%

C 4%

D 6%

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Question

At what % of simple interest per annum will Rs. 400 amount to Rs. 520 in five years?

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