If interest is Rs.168 and principal is Rs.700 and time is 16 months. Now, what is the rate in simple interest?Find,
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Answer:
Principal = ₹ 700,
Simple Interest = ₹ 168
Time = 16 months.
find the time when principal = ₹ 640,
Rate =12½ % per annum
Simple Interest = ₹ 40.
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