how to find the value of rate of interest in the simple interest questions state the formula
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i =(p×r×t)/100
r=(i×100)/(p×t)
r=(i×100)/(p×t)
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Hi ,
Let principal = p
Rate of interest per annum = r
Time = t years
Simple interest = I
( ptr ) /100 = I
r = ( 100 × I ) / pt
I hope this helps you.
:)
Let principal = p
Rate of interest per annum = r
Time = t years
Simple interest = I
( ptr ) /100 = I
r = ( 100 × I ) / pt
I hope this helps you.
:)
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