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An5. (a) A sum of? 25,000 accumulated to R 55,000 after 12 years. Find the rate dsimple interest p.a., which was effective in this situation.

Answer»

Simple interest = PTR/100P= 25000Amount = 55000Rate= ?Simple interest= 30000Now30,000*100/25000*12= RR= 10 percentagePlease like the solution 👍 ✔️



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