5. Find the rate per cent (R) per annum, when
(a) P = 18,000, SI = 900, T = 4 years
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Step-by-step explanation:
According to question:
Principal (P)=18,000.
Simple Interest (SI)=900
Time(T)=4 years
To find:The rate(R)
We know,
R=P*100/SI*T
= 18,000*100/900*4
= ₹500
NOW, We have to convert 500 in %
So, 500/100=5%
Hence, the required rate is 5% per annum.
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