If the simple interest on rs 1 for 1 month is 1 paisa , then the rate percent per annum will be
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1rs=100 paisa,
S.I=P×R×T by 100
therefore,1 paisa= R×100×1 by 100×12
so,1=R/12
R= 12%
S.I=P×R×T by 100
therefore,1 paisa= R×100×1 by 100×12
so,1=R/12
R= 12%
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