At what rate percent of interest would RS/780 amount to RS/ 1320 in two years and three month.
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Step-by-step explanation:
Principal(P)=Rs.1200
Amount(A)=Rs.1320
S.I.=A−P=Rs.1320−Rs.1200=Rs.120
Time(T)=2 years
Rate%=
P×T
S.I.×100
=
1200×2
120×100
=5% p.a.
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