At what rate of simple interest will = 4500 amount to 3 5400 in 3 years?
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Answer:
✮Given:
Principal = ₹4500
Amount = ₹5400
Time = 3year
✮Solution:
Amount = Interest+ Principal
⇒Interest= ₹(5400-4500) = ₹900
Therefore, The rate is 20/3%
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