750 amount to 1038 in 5 years 6 months, find the rate of interest?
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Step-by-step explanation:
SI = A - P
= 1038 - 750
= 288
R = (SI × 100)/ PT
= (288 × 100)/750 × 5.6
= 28800/4200
= 6.85
The Rate Of Interest is 6.85 %
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