if the interest on a sum of ₹10000 for 1 month is ₹1000, what is the interest rate?
Plz answer it
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Answer:
Rate =120%
Step-by-step explanation:
Principle =10000Rs
SI=12×1000=12000Rs
Time =1 year
Rate =?
SI=P×R×T/100
12000=10000×1×R/100
R=12000×100/10000×1
R=120%
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