find the rate of interest ig the S.I. on Rs. 550 in 2 years is Rs.44.
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1
Answer:
4% is the answer.
Step-by-step explanation:
Given, Principal = ₹550
S.I = ₹44
Or, Time = 2yr
Then, rate = ?
Rate = S.I ×100/P × T
= 44 ×100 / 550 ×2
.: Rate of interest = 4% answer.
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