at what rate will 120000 yield an interest of 44880 in 1 year 9 days
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Step-by-step explanation:
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Answer :
Interest = ₹ 44880
Principle = ₹ 120000
Time = 374 days
Step-by-step explanation:
I = P x R x T
100
44880 = 120000 x R x 374
100
R = 44880 x 100
120000 x 374
Therefore,
R = 0.1 %
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