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The amount obtained by investing a ce1tain sum at r % p.a. for 3 years at simple interest is equal to the simple interest on the
same sum at the same rate for 13 yea.rs. The value of r is:
8
10
16
12
- The amount obtained by investing a sum for 3 years at a rate \( r\% \) per annum with simple interest is given by:
$$
\text{Total Amount} = \text{Principal} + \text{Simple Interest} = \text{Principal} \times (1 + \frac{r \times 3}{100})
- The simple interest for the same principal and rate over 13 years is:
\text{Simple Interest} = \text{Principal} \times \frac{r \times 13}{100}
- We're told these two amounts are equal:
\text{Principal} \times (1 + \frac{r \times 3}{100}) = \text{Principal} \times \frac{r \times 13}{100}
- Simplifying, we find:
1 + \frac{r \times 3}{100} = \frac{r \times 13}{100}
100 + 3r = 13r
100 = 10r
r = 10
- The correct answer is Option 2: 10.
By: santosh ProfileResourcesReport error
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