find the rate of interest of the S.I for 3 years is RS.1200 and CI for 2years is RS.860
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Simple interest for 3 years =Rs. 1200
Annual interest=Rs. 400
For 2 years=Rs. 800
C.I. for 2 years is Rs. 860
Therefore Rs. 60 is the interest on 400 for 1 year
so rate = 60/400 *100 = 15%
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