find the rate of interest when rupees 500 fetches rupees 130 as simple interest in two years.
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Answer:
S.I= 130
T=2 yrs
Princple=500
Rate=?
S.I=P*R*T/100
130=500*R*2/100
130=5R*2
130/2=5R
65=5R
R=65/5
R=13
Thank you
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