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A sum of money is borrowed at simple interest .the ratio of amount at the end of first year to second year is 7:8.If interest of second year is 33.33 percent more than first year what is the rate of interest for the first year?
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A sum of money is borrowed at simple interest .the ratio of amount at ...
Given Data:
- Ratio of amount at the end of first year to second year = 7:8
- Interest of second year is 33.33% more than the first year

Let's assume:
- Principal amount = P
- Rate of interest for the first year = R%
- Amount at the end of the first year = P + (P * R/100)
- Amount at the end of the second year = P + (P * R/100) + (P + (P * R/100)) * (R + 33.33)/100

Calculations:
- According to the given ratio,
(P + (P * R/100)) / (P + (P * R/100) + (P + (P * R/100)) * (R + 33.33)/100) = 7/8
- Solving this equation gives R = 12.5%
Therefore, the rate of interest for the first year is 12.5%.
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A sum of money is borrowed at simple interest .the ratio of amount at the end of first year to second year is 7:8.If interest of second year is 33.33 percent more than first year what is the rate of interest for the first year?
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