A invests Rs. 10,000 and B invests Rs. 8000 at the same rate of interest per annum. If at the end of 6 years, A gets Rs.600 more interest than B; find the rate of interest.
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Answer:
interest=
100
p∗r∗t
p = principal amount , r = rate , t = time
interest=
100
10000∗5∗1
interest = RS. 500
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