If rs 250 amounts to rs 285 in 2 years find the rate percent per annum
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Answered by
3
Answer:
The rate percent per annum is 7%.
Step-by-step explanation:
Amount = 285
Principal = 250
Therefore, Interest = Amount - Principal
Interest = 285 - 250 = 35
Rate(R) = S.I. × 100 / P × T
= 35 × 100 / 250 × 2
= 35 × 10 / 25 × 2
= 350 / 50 = 7 % (answer).
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Answered by
0
Answer:
Amount= 285, Principal= 250 , Time= 2 Years
SI= Amount - principal
SI = 285 - 250
= 35
Rate= 100× SI / Principal × Rate
= 100×35/250×2
= 7 per annum
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