if ramen deposited 15000rs in a bank for 2years and he got 1650rs as interest then find out the rate of interest?
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The rate of interest is 11/2% or 5.5%.
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Step-by-step explanation:
2×15000×r/100=1650
r=1650/300
r=5.5
so the rate of interest is 5.5
formula is SI=p×T×R/100
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