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Asked by kumar

At what rate of % per annum, will the simple interest on a sum of money become 3/4 of the principal in 6 yrs ?
7 years ago

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Answered by John
Start with a Principal of $1 and see it grow to $1.75, thus I=PRT and you have I, P and T so solve for R : )
7 years ago
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At what rate of % per annum, will the simple interest on a sum of money become 3/4 of the principal in 6 yrs ?

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