If Aradhya pays an interest of ₹ 1500 for 4 years on a sum of ₹2500. find the rate of interest per annum.
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Answer:
rate = 15%
Step-by-step explanation:
interest = principle × rate × time /100
1500 = 2500 × rate × 4/100
rate = 1500 / 25 × 4
rate = 15 %
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