At what rate percent per annum will rupees 7000 produce rupees 350 as a simple interest in 2 years
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Answer:
R=9.5%
Step-by-step explanation:
A=P(1+RT)
7000=350(1+R*2)
7000=350+700R
7000-350=700R
6650=700R
6650/700=R
R=9.5%
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