If rupees 750 amounts to rupees 885 in 3 years at simple interest find the rate of interest *
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Answer:
A sum of money at simple interest amounts to 815 in 3 years and to 854 in 4 years.
Interest for 1 year = 854-815= Rs 39.
Interest for 3 years = 39*3= 117
sum = 815-117 = Rs. 698
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that is the right answer
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