in what time will intrest ₹26,000 amount to ₹156 at 8% per annum
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Step-by-step explanation:
We have,
P=Rs.56000,
T=2years,
SI=Rs.280
We know that,
SI=100P×R×T
280=10056000×R×2
R=2×560280
R=0.25%
Hence, the value of the rate is 0.25
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