Calculate the rate per cent per annum if rupees 1869 amount to ₹ 2278.50 in 2 1/2 years.
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Step-by-step explanation:
Principal = Rs1869 ,amount = Rs2278.50 time=21/2
S.I = ( Amount - principal)
Rs( 2278.50 - 1869) = 409.5
Rate = 100×s.i / p×t
100×409.5 /1869×2/21 = 1300/623
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