Question

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9. If the interest on rs2,400 be more than the
interest on rs 2,000 by rs60 in 3 years at the
same rate per cent; find the rate.​

Answer 1

Answer:

Step-by-step explanation:

The excess amount per year is 400 for 3 years i.e total excess amount is 1200.

He gets any 60 in excess ie rate of interest will be 1200/60=20

Alternatively

I=PNR/100 can also be used