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At what rate of simple interest will the interest on Rs.925 be two-fifth of it in 8 years?

Q: At what rate of simple interest will the interest on Rs 925 be two-fifth of it in 8 years?

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It is 8%

A simple interest rate of 10 per cent per year will double a sum of money in ten years.

331/3 percent simple interest will double any amount in 3 years.

Assuming simple interest, you multiply the capital times the interest rate times the number of years.

It was eight years.

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The answer for rate in simple interest is =rate= simple interest\principle*time

It is 8%

A simple interest rate of 10 per cent per year will double a sum of money in ten years.

Simple interest = money invested x rate/100 x number of years

The interest rate would end up being 9% after you do all the calculations.

331/3 percent simple interest will double any amount in 3 years.

Assuming simple interest, you multiply the capital times the interest rate times the number of years.

I = prt where I = interest, p = principal, r = rate. and t = time in years.

It was eight years.

The simple interest in this case is $145,000. It is calculated by multiplying the amount by the interest rate and the length of time.

It will take 25 years for a 100 to double check if you have a simple interest of 4 percent.

At simple rate of interest, the figure will come out to 174.The formula for simple rate of interest calculations is i=prt where i equals the interest, p equals the principal, r equals the rate and t equals the time (in years).To calculate the interest for compound interest, visit the related link.