* At what rate, 800 gives 208 as simple interest in 2 years?
(a) 11%
(b) 12%
(c) 13%
(d) 14%
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Answer:
Principle: Rs800
Simple Interest: Rs208
time:2 years
rate: ?
Rate= Simple Inetrest X 100 divided by principle X time
= 208 X100 divided by 800 X 2
=20800 divided by 800 X 2
= 13
therefore, Rate: 13%
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