Question

find the rate when, principle = Rs 1050, simple interest = 168 and time = 2 years
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Answer 1

Step-by-step explanation:

answer is 8.

Explaination....

P = Rs 1050, I = 168, T = 2 years, R = ?

We know that,

I = P*R*T/100

R = 100*I/P*T

So, here, R = 100*168/1050*2

R = 16800/2100

R = 8

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