Find the rate when
i. principal = * 1050, simple interest =* 168 and time = 2 years
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4
Answer:
8
Step-by-step explanation:
principal given: 1050
time given: 2 years
SI given: 168
Rate given: ?
formula for SI
SI= P×R×T/100
168=1050×2×R/100
R=168×100÷1050×2
so, R= 8%
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