Find the rate of interest,
if simple interest ₹800
for 5years is ₹480
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Using
Rate = (SI x 100)/ (Px T)
= (480x 100)/ (800 x 5)
= 12 percent per annum
Rate = (SI x 100)/ (Px T)
= (480x 100)/ (800 x 5)
= 12 percent per annum
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