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ELEN [110]
3 years ago
11

Simple interest on certain principle is 1/5 of the amount in 5 yrs find rate.​

Mathematics
1 answer:
Bezzdna [24]3 years ago
7 0

9514 1404 393

Answer:

  4%

Step-by-step explanation:

The simple interest formula can be used.

  I = Prt

where r is the annual rate and t is the number of years.

 1/5 = 1·r·5

 (1/5)/5 = r = 1/25 · 100% = 4%

The rate is 4%.

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