If Rs.3750 amounts to rs.4620 in 3 years at simple interest, the rate of interest is:
anwer in mixed fraction
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Answer:
275
r = 7 ------
375
Step-by-step explanation:
amount = principal + simple interest
si = 4620 - 3750
si = 870
si = p *r*t /100
870= 3750 * r * 3 / 100
275
r = 7 ------
375
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