Find rate of interest if amount after 2 years of simple interest on a capital of ₹1200 is ₹1400
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Answer:
p = 1200
R= R
T =2 YEARS
SI = 200
SI=PRT/100
200=1200*R*2/100
R=200*100/1200*2
R=100/12
R=8.33
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