I purchased a house and paid $25$ times of the annual rent. Calculate the rate of interest.

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Solution

Let, annual rent be $x$ .

Purchased amount $= 25 x$ .

Also,
$S I = \frac{P R T}{100}$

Hence,
$x = \frac{25 x \times R \times 1}{100}$

$\Rightarrow R = \frac{100}{25} = 4 %$

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I purchased a house and paid 25 times of the annual rent. Calculate the rate of interest.

Let, annual rent be x.Purchased amount =25x.Also,SI=PRT100Hence,x=25x×R×1100⇒R=10025=4%

I purchased a house and paid $25$ times of the annual rent. Calculate the rate of interest.

Let, annual rent be $x$ .

Purchased amount $= 25 x$ .

Also,
$S I = \frac{P R T}{100}$

Hence,
$x = \frac{25 x \times R \times 1}{100}$

$\Rightarrow R = \frac{100}{25} = 4 %$