Find the rate of interest per annum for the following: A = ₹4734, P= ₹3600, T= 3years 6months
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Answer:
Ans : 9% Per Annum
Step-by-step explanation:
A = I + P
=> I = A -P= 4734 -3600= 1134
1 year Interest = 1134/3.5 = 324
req Rate = (324/3600)×100 = 9% [Ans]
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