ch- comparing quantities
class 7th plz tell the answer in full explanation
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solution-6
Given as
Principal - 75,000
Amount - 80,000
As we know that
Interest= Amount -principal Interest = 80,000- 75,000 =₹5000
hence the interest is ₹ 5000
solution-7
Given as
Principal= 2500
Simple interest =1500
Term of loan in years = 4 yrs
Simple interest =P×T×R/ 100
1500=2500×4×r/100
1500=100×r
r= 1500/ 100
therefore rate of interest= 15%
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