Find at what rate of simple interest per annul would ₹5000 amount to ₹6050 in 3 years
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amount = 6050 principal = 5000
si= 1050
time =3 years
rate = si*100/principal*time
1050*100/5000*3
7% is the answer
si= 1050
time =3 years
rate = si*100/principal*time
1050*100/5000*3
7% is the answer
Answered by
0
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