The simple interest on a sum of money is 1/9th of the principal and the no. of years is equal to the rate percent p.a. Find the rate percent
A) 3% B)3+1/3%
C)10% D)1/3%
We know that
Where SI = Simple interest
P = Principal
R = Rate (in per cent per annum)
T = Time period (in years)
According to the question,
As the rate of interest can't have a negative value, therefore, we neglect the negative value of R.
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