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A sum at a simple interest of 8 p a becomes...

This question belongs to Arithmetic Ability Interest
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A sum at a simple interest of 8% p.a. becomes $$\frac{7}{5}$$ of itself in how many years?

Answer & Solution
Correct Answer: Option A
$$\eqalign{ & 2P = \frac{{5P \times 8 \times T}}{{10}} \cr & T = 5{\text{ years}} \cr} $$
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