if divyanshu pays an interest of rs.750 for 2 years on a sum of rs.4500 find the rate of interest
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swati2816:
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Here is your answer.
SI = Rs 750
T = 2 years
P = Rs 4500
R = r% (let)
As we know the formula
R = SI × 100/PT
Therefore Rate of interest is 8.33%
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