Find the Rate of Interest when Principal = Rs. 7500, Interest = Rs. 750, Time = 5 years.
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Given:
Principal=Rs 7500
Time=5 years
Interest= 750
Rate= ?
Rate=
Interest×100/principal×time
= 750×100/7500×5
= 2%
Principal=Rs 7500
Time=5 years
Interest= 750
Rate= ?
Rate=
Interest×100/principal×time
= 750×100/7500×5
= 2%
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