Find rate of interest, simple interest on 1625in 5/2 years is 325
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Answer:
Step-by-step explanation: SI= PRT/100
Let the rate of interest be r then,
According to the question,
325= 1625*r*5/2/100
=> 325*2/5*100=1625r
65*2*100=1625r
13000/1625= r
8=r
Therefore,
Rate of interest = 8%pa.
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