Aarti deposited Rs. 25000 in the bank. After 2.5 years if the bank paid her back Rs. 3750 then, what is the rate of interest offered by the bank
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Answer:
6%
Step-by-step explanation:
Interest for 2.5 year=3750/25000×100=15%
So,
Rate of interest for 1 year=15/2.5%
=6%
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