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

George Bina asked Apr 26, 2022

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George Bina asked Apr 26, 2022

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16 votes

Answer:

3.33%

Explanation:

Intrest = P. A. *Intrest Rate * Time

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

Intrest Rate = 1/30)=3.33%

Miojamo answered May 1, 2022

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