If 2500 becomes3000 in5 years, then the rate of the interstate is
ramknice07:
24%
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this is the answer of your question
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Your formula is correct but simple interest is not 3000
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Principal amount =2500
Amount=3000
Time=5 years
Interest=P-A
Interest=3000-2500=500
Rate of interest = Interest×100 ÷ Principal×Time
Rate=500×100 ÷ 2500×500
Answer:Rate of interest=4%
HOPE IT HELPS!
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