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Q: The simple interest on a sum of money is $${4\over 9}$$of the principal and the number of years is equal to the rate percent per annum. The rate per annum is :

  • 1
    5%
  • 2
    $$6{2\over3}\%$$
  • 3
    6%
  • 4
    $$7{1\over5}\%$$
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Answer : 2. "$$6{2\over3}\%$$"

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