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4. The monthly S.I. on Rs. 1000 is Rs.
15, then find the annual rate.
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Given:
P=₹1,000
S.I.=₹15
T=1/12 yrs
Solution:
R=S.I.*100/P*T
=15*100*12/1000*1
=180/10
=18Percent
Hope it helps...
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