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At what percent per annum, will the simple interest on an amount of money will be (3/4)th its principal value in 5 years?
  • a)
    5%
  • b)
    7.5%
  • c)
    10%
  • d)
    15%
Correct answer is option 'D'. Can you explain this answer?
Verified Answer
At what percent per annum, will the simple interest on an amount of mo...
Let the required rate of interest be R.
Let the principal be P.
Then the simple interest =3P/4
Time = 5 years
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Most Upvoted Answer
At what percent per annum, will the simple interest on an amount of mo...
Let the required rate of interest be R.
Let the principal be P.
Then the simple interest =3P/4
Time = 5 years
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Community Answer
At what percent per annum, will the simple interest on an amount of mo...
Let the required rate of interest be R.
Let the principal be P.
Then the simple interest =3P/4
Time = 5 years
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At what percent per annum, will the simple interest on an amount of money will be (3/4)th its principal value in5years?a)5%b)7.5%c)10%d)15%Correct answer is option 'D'. Can you explain this answer?
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