A sum of rs. 15,000 amounts to rs. 17,000 in 4 years at the rate of simple interest. What is the rate of interest?15% 16% 17% none
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Answer:
Option (d) = None
Step-by-step explanation:
Given :
Principle = 15000
Amount = 17000
Time = 4 years
We get:
Simple Intrest = (A - P)
=> 17000 - 15000
=> 2000
To find :
Rate of intrest of the above simple Intrest
Solution :
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