If the ratio of the sum invested and simple interest received after 1 year is 20:13 respectively, then find the rate of interest.
Let the sum invested and simple interest received be Rs.20x and Rs.13x respectively. Let the rate of investment be r% p.a. Therefore, {(20x x 1 x r)/100} = 13x => r = 65%
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II. As per the Scheme, a rural household is eligible for ...
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