A sum of rs 1600 gives a simple interest of rs 252 in 2yrs and 3month the rate of interest per annum
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Answer:
7%
Step-by-step explanation:
p=1600
SI=252
N=2 years + 3/12= 2+ 1/4=9/4 years
SI =pnr/100
R = 100* SI /(p*n)
R = 100* 252/1600 * (9/4)
R = 7%
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