at what rate of simple interest will a sum of ₹32000 yield an interest of ₹15360 in 6 years?
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Answer:
P=1500
T=8 month=2/3years
simple interest
let rate of interest be x
SI=PTR/100
25=1500.x.2/3÷100
10x=25
x=2.5%
so rate of interest is 2.5%
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