a certain sum of money at S I amounts to 1300 in 4 years and to 1525 in 7 years. Find the rate of interest
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Answer:
7.5% is the rate of interest.
Step-by-step explanation:
Amount is P + SI
Condition 1
P+PR4/100 is ₹1300
Condition 2
P+PR7/100 is ₹1525
Divide condition 2 by 1 and solve to get 7.5%
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