find the rate of interest when simple interest on 1560 in 3 yeats id 585
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simple interest = PRT/100
585=1560*R*3/100
58500= 1560*3*R
58500/1560*3 = R
R = 12.5%
585=1560*R*3/100
58500= 1560*3*R
58500/1560*3 = R
R = 12.5%
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