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how to do this question

Maths & Stats

If the interest of a money is equal to its one by nine, the rate of interest and time are equal then find rate of interest is. (a) % (b) 4Â½%

nisam M

CA Final

★ 23K+

14-May-21 20:45

356

Answers (1)

Assuming, it's a simple interest that is being talked, we shall have SI = (1/9) P SI = (P x R x T)/100 implies (1/9) P = (P x R x T)/100 since, rate of interest and time are equal, we shall get 100/9 = r sqaure implies 10/3 - 3-1/3% will be interest

Sahibdeep Singh

CA Inter

★ 14K+

15-May-21 11:35

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