Question

Find the rate when principal = Rs. 8250, SI = Rs. 1100 and time = 2 years
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Answer 1

Answer:

Given ,

✧ Principal = Rs 8250

✧ SI = Rs 1100

✧ Time = 2yrs

$rate = \frac{si \times 100}{p \times t} \\ \\ = \frac{1100 \times 100}{8250 \times 2 } \\ \\ = \frac{110000}{16500} \\ \\ = \frac{1100}{165} \\ \\ = \frac{220}{33} \\ \\ = \frac{20}{3} \\ \\ = 6.6\%$

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