Find rate if interest charged for 8 months be 0.06 times of money borrowed
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Step-by-step explanation:
let the principal be p
p=p
r=8/12=2/3
a=2p
si=2p-p=p
rate=si*100/p*r
=x*100*3/p*2
=x*50*3/p
50*3
150
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