Find the rate of interest per annum at which Rs.900 will yield an interest of Rs.180 in 5 years.
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Answer:
Step-by-step explanation:
Find the interest per year:
5% of 900 = 0.05 x 900 = Rs 45
Find the number of years needed:
Interest = Rs 180
Interest per year = Rs 45
Number of years needed = 180 ÷ 45 = 4
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4 answer .
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