At the rate percent per and am will Rs.9000 amount Rs.18,000 in eight years
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Amount =18000
Prinicipal =9000
So ,Simple interest =Amount-Prinicipal
=18000-9000
=9000
So , SI = PRT/100
9000=9000×R×8/100
So 9000 and 9000 is cancelled .
R=25/2% or 12.5% per annum.
Hope it will help you .
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