at what rate percent per annum will a sum of ₹7500amount to ₹8472in 2year
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Hey, mate!
Answer:
A/Q
Principal = RS. 7500
Amount = RS. 8472
Time = 2 Years
Simple interest = Amount - Principal
= 8472 - 7500
= Rs. 972
So, the rate = S.I × 100/P × T
= 972 × 100/7500 × 2
= 97200/15000
= 6.48%
Hope it is helpful to you.
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