a sum of Rs. 7500 simple interest of Rs. 1500 is 2 years what is the interest rate
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Answer:
interest rate is 25 percent pr year .......
Answered by
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Simple interest =p*t*r/100
7500=1500*2*r/100
7500*100=1500*2*r
750000/1500*2=r
r=250
r=25%
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