at what rate percent per annum will Rs.800 amount Rs.1000 in 2 years
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Step-by-step explanation:
Principal, P=₹800
Amount, A=₹1000
Time, T=2 years
Simple Interest, SI=A-P
=>PRT/100=1000-800
=>800XRX2/100=200
=>16R=200
=>R=200/16
=>R=12.5
therefore Rate of interest is 12.5% per annum
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