The simple interest on a sum of money is \(\frac{9 }{35}\) of the sum. If the number of years is numerically \(\frac{5 }{7}\) times of rate percent per annum, then the rate percent per annum is: |
7% 6% 5% 4% |
6% |
Say, Sum = 35 S.I. = 9 Time = \(\frac{5}{7}\) x rate ⇒ 9 = \(\frac{35\;x\;5R\;x\;R}{7\;x\;100}\) ⇒ 9 = \(\frac{25R^2}{100}\) ⇒ Rate = \(\sqrt {36}\) = 6% |