at what rate percent per annum will ₹
8000 produce ₹ 400 interest in 2 years
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Answer:
The principle is given as Rs6300 and the simple interest is given as Rs2100 with time as 4 years.
S.I.=
100
P×R×T
2100=
100
6300×R×4
R=
6300×4
2100×100
R=8.34%
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