The simple interest on a sum of money is 4/9th the principal, and the number of...
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The simple interest on a sum of money is 4/9th the principal, and the number of years is equal to the rate of interest per annum. Find the rate of interest per annum. 1. 8% 2 6% 3. 6% 4. 9% 5. None of these The simple interest on a sum of money is 4/9th the principal, and the number of years is equal to the rate of interest per annum. Find the rate of interest per annum. 1. 8% 2 6% 3. 6% 4. 9% 5. None of these
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Solution 2 principalxratextime Simple interest 100 ... View the full answer
Related Book For
Engineering Economic Analysis
ISBN: 9780195168075
9th edition
Authors: Donald Newnan, Ted Eschanbach, Jerome Lavelle
Posted Date:
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