7. Bhavna paid an interest of 75500 after 5 years on a sum of 1,10,000, find
the rate of interest.
Answers
Answered by
1
SIMPLE INTEREST = P×R×T
100
75500 = 110000× R × 5
100
75500×100 = 550000×R
7550000= 550000 ×R
7550000 = R
550000
13.7 = R
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