8. What is the rate of interest, if 3,750 amounts to 4,650 in
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Answer:
Principal (P) = ₹ 3,750
Amount (A) = ₹ 4,650
∴ S.I. = A – P = ₹4,650 – 3,750
= ₹900
Time (T) = 4 years.
∴ Rate = S.I. × 100/P × T = (900 × 100)/(3750 × 4)
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