Find the amount on Rs. 1600 at 2.5% interest for 2 years and 3 months?
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Rate of interest: The interest paid on Rs.100 for one . ... Therefore T = (100 × S.I)/(P × R) = (100 × 80)/( 500 × 3) = 2 years. 2. ... Find at what rate of interest per annum will $ 600 amount to $ 708 in 3 years.
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