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Answer:
ans is 1000+interest is 100 ×2=200
1000+200=1200
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Answer:
500% is the rate of interest
Step-by-step explanation:
because SI = p*r*t/100
here SI= 1000 p= 100 r= ? t= 2 years
so when we put all these in SI formula we get
1000= 100*r*2/100
so r= 500%
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