At what rate per cent per annum interest will Rs. 3 produce Rs. 12 in 50 years
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Answer:
6%
Step-by-step explanation:
Principal=₹3
Amount=₹12
Time=50years
A=P+SI
12=3+SI
12-3=SI
9=SI
R=I×100/P×T
R=9×100/3×50
R=6%
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