In 5 years rs 60000 amounts rs 69000 find the rate of interest
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Answer:
P = 60,000
T = 5 years
A = 69,000
SI = A - P = 69,000 - 60,000 = 9000
SI = PRT/100
9000 = 60,000*R*5/100
9000 = 3000*R
R = 9000/3000 = 3
Rate of interest = 3 %
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