At what rate percent of interest the simple interest of Rs. 50,000 will be Rs. 18,000 for 4 years.
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Answer:
9%
Step-by-step explanation:
p=50000
t=4 years
si=18000
r=?
si= ptr/100
18000= 50000 X 4 X r/100
18000= 2000r
r= 18000/2000
r=9%
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