A certain sum of money at S.I. amounts to Rs. 1260 in 2 years and to Rs. 1350 in 5 years. Find the rate of interest p.a.
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2.5percent
Step-by-step explanation:
SI for 3 years= rs.1350-1260=Rs.90
SI for 2 years=rs.90/30×2=Rs60
Sum=Rs.1260-60=Rs.1200
Rate=(100×SI)/(P×T)=[100×60]/(1200×2)=2.5percent
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