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A Man Borrows 70000 From The Bank At Simple Interest. After 3 Years He Paid 30000 To The Bank And At The End Of 5 Years From The Date Of Borrowing He Paid 54500 To The Bank To Settle The Account. The Rate Of Interest Was? - Math Discussion

A man borrows 70000 from the bank at simple interest. After 3 years he paid 30000 to the bank and at the end of 5 years from the date of borrowing he paid 54500 to the bank to settle the account. The rate of interest was?