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5) Jack deposits $100000 in a bank at R% p.a. simple interest for 5 years. If the interest rate is 10%p.a. and the period of deposit is 8.5 years, the simple interest obtained will be $50000 more. Find the value of R.
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5) Jack deposits $100000 in a bank at R% p.a. simple interest for 5 years. If the interest rate is 10%p.a. and the period of deposit is 8.5 years, the simple interest obtained will be $50000 more. Find the value of R.