Question
The simple interest received on a sum at the rate of 4
percent per annum is 3/5 of the sum. What is the time period?Solution
ATQ, Let us assume the sum is 's' and time is 't' Then the Interest is = (3s/5) (3s/5) = (s × 4 × t)/100 T = 15 years Hence the time will be 15 years
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