The interest of the sum of money at the end of 10 years is one third of the sum. Find the rate of interest

1 answer:

7 0

Answer:

3.33%

Step-by-step explanation:

Intrest = P. A. *Intrest Rate * Time

(1/3)*P. A. = P. A. *Intrest Rate * 10

Intrest Rate = 1/30)=3.33%

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The interest of the sum of money at the end of 10 years is one third of the sum. Find the rate of interest​