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A certain sum of money amounts to Rs. 600 in 2 year and Rs. 700 in 4 years at a

certain rate of simple interst. Find the rate

Question

A certain sum of money amounts to Rs. 600 in 2 year and Rs. 700 in 4 years at a

certain rate of simple interst. Find the rate of interest

1) 5%

2) 8%

37 10%

4) 16%

5) None

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2021-07-19T03:19:38+00:00
2021-07-19T03:19:38+00:00 1 Answers
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## Answers ( )

Answer:the increase in amount from year 2 to year 4 is 100

So the simple interest must have been 100,

using the formula, R = SI x 100/ P x T

here time is 4 – 2 = 2 years and principal is 600

So, R = 100 x 100/ 600 x 2 = 50/6 % or 25/3 %