CI on a certain sum of money for three yrs is 1261 and
SI for 3 yrs is 1200.Find rate?
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Clearly Rate = 5% p.a. Time = 3 years S.I.= Rs. 1200. So principal=RS [100*1200]/3*5=RS 8000 Amount = Rs. 8000 x [1 +5/100]3 = Rs. 9261. C.I. = Rs. 9261 - 8000 = Rs. 1261.
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