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Question 136
Simple interest on a certain sum for 6 years is 9/25 of the sum. The rate of interest is
Solution
Simple interest = $$\frac{PRT}{100}$$Â (where P is principal amount , R is rate and T is time )
So $$\frac{9P}{25} = \frac{PR \times 6}{100}$$
$$R=6$$%
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