if monika pays an interest of rs 1500 for 4 years on a sum of rs 2500 , find the rate of interest per annum
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Answered by
43
Answer:
P = 2500
SI = 1500
t = 4 yrs
SI = P*T*R/ 100
1500 = 2500 x 4 x r/100
1500 = 100 x r
r = 1500/100
Therefore, rate of interest = 15%
Answered by
5
Answer:
Answer:
P = 2500
SI = 1500
t = 4 yrs
SI = P*T*R/ 100
1500 = 2500 x 4 x r/100
1500 = 100 x r
r = 1500/100
Therefore, rate of interest = 15%
Step-by-step explanation:
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