A sum of Rs. 4321 amounts to Rs. 6481.5 in 8 years at the rate of simple interest. What is the rate of interest?
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hey mate
here is your answer✔️✔️✔️
sum=₹4321
amount=₹6481.5
time =8years
SI=A-P
=₹2160.5
R=SI×100/P×T
= 2160.5×100/4231×8
=6.25%
hope it's helps
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