Mathematics · Simple Interest
What is the rate percent and time needed, both of them being equal in value, for the simple interest on a certain sum to be 36 over 100 of that sum?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Rate = 8%, Time = 8 years
- 2Rate = 6%, Time = 6 years✓
- 3Rate = 7%, Time = 7 years
- 4Rate = 5%, Time = 5 years
Correct answer
Rate = 6%, Time = 6 years
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