A man borrows Rs 3200 on the condition that he pays back Rs 3380 after 9 months. At what rate per cent per annum is the interest charged?
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Step-by-step explanation:
=3200 , =3380, =9
12 =1
1 =1/12
9 = 1/12×9
=3/4
=××/100
3380=3200××3/100×4
3380=8×
=3380/8
=422.5%
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