If Sandeep pays an interest of ₹1500 for 1 year on a sum of ₹6000, then the rate of interest is
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Answer:
25%
Step-by-step explanation:
- FIRST PRINCIPLE = 6000
- AND THE INTEREST ON IT = 1500
THEN THE RATE OF INTEREST IS
= 1500 × 100 / 6000 × 1 = 25%
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