if principle amount is 15000 simple interest is25800 for 8years then whar is rate of inerest
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if principle amount is 15000 simple interest is25800 for 8years then whar is rate of inerest
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Answer:
rate = 21.5
Step-by-step explanation:
interest = P X R X T/100
25800 = 15000 x r x 8/ 100
R = 25800 x 100 / 15000 x 8
thus R = 21.5
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