Question
A certain sum becomes 3.5 times itself in 10 years at
simple interest. Find the rate of interest.Solution
Let the sum be Rs. x (x × r × 10) / 100 = 3.5x – x ⇒ 10xr / 100 = 2.5x ⇒ r = 25 Rate of interest = 25% per annum
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