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Vikas Khandelwal

· started a discussion

· 1 Months ago

correction (Question: 233125.0 )

please specify Amount = Principle+interest

Question:
Simple interest on a sum of money for 5 years is \(\cfrac{2}{5}\) times the amounts, the rate of simple interest is:
Options:
A) 13%
B)


\(12\cfrac{1}{3}\)%

C)


\(14\cfrac{1}{3}\)% 

D)


\(13\cfrac{1}{3}\)%

Solution:

Ans: (d)

Knowledge Expert

· commented

· 1 Months ago

Dear Student,
We know that Amount = P + SI .
If amount is mentioned then we will obviously take P+SI

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