Find Rate when Principal=Rs.2100,Interest=Rs.350,Time=2years
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Answer:
8.3%
Step-by-step explanation:
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Step-by-step explanation:
Principal = Rs. 2100,
Interest = Rs. 350,
Time = 2 years.
Rate = (100 × Interest)/(Principal × Time)
= (100 × 350)/(2100 × 2)
= 35000/4200
= 8.33 %
Therefore, Rate = 8.33 %.
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