Find the rate percent if the S.I on Rs.4500 in 2 years is Rs.720.
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Answer:
I = ₹ 720
P= ₹ 4500
T= 2years
R = ?
AS we know that S.I. = PRT/100
therefore R (Rate) = S.I.× 100/ PT
= 720 × 100/ 4500 × 2
= 8 % ANS.
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