If arun pays an interest of rupees 1324 2 years on a sum 5500 find the rate of interest
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prt/100=5500×2×r/100
110r=1324
r=1324/110
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Answer:
Step-by-step explanation:
Interest = P X R X T/100
Rate = 100 X interest/P X T
= 100 X 1324/5500 X 2
= 12.03
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