find the rate
principal = ¥ 3560 Amount =¥ 4521.20 Time = 3 years
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Step-by-step explanation:
Given: - P = ₹ 3560, amount = ₹ 4521.20, t = 3 years.
We know that,
SI = A – P
= 4521.20 – 3560
= ₹ 961.2
R = (100 × SI) / (P × T)
= (100 × 961.20)/ (3560 × 3)
= (100 × 96120) / (8250 × 3 ×100)
= (32040 /3560)
= 9% p.a.
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