At what rate percent per annum will Rs.4500 amount to Rs.5715 in 3 years?
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Answer:
Rate percent = 4.2%
Step-by-step explanation:
Given principle = ₹4500
time= 3 years
interest = ₹ 5715
Rate =( 100× interest) / ( principle× time)
= (100× 5715) / ( 4500×3)
= 571500/ 13500
= 4.2
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