find the rate SI=3102 P=6200, T=3 3/4 yrs
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Answer:
R = 13.34
Step-by-step explanation:
SI = P x R x T / 100
when we substitute,
3102 = 6200 x R x (15/4) / 100
when we rearrange, we get
R = SI x 100 / P x T
R = 3102 x 100 / 6200 x 15/4
R = 13.34
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