if rs. 750 amounts to rs. 815 in the three years at simple interest , find the state of interest.
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Answer:
principal amount =Rs 750
interest =Rs (815-750)=Rs65
time =3 years
rate of interest =interest×100/principal amount ×time
=65×100/750×3
=26/9
=2 8/9
rate of interest is 2 8/9%
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