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Question

Certain sum of money deposited at simple interest yield Rs. 4400 in two years and Rs. 5500 in a 4 years. Find the rate of interest.

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Solution

Simple Interest for the first 2 years =Rs.4400

Simple Interest for 4 years =Rs.5500

Net simple interest for third and fourth years =Rs(55004400)=Rs.1100

1100=4400×2×R100

R=100×11004400×2

=252%
=1212%

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