Interest on a sum of Rs 8000 for 2 years is Rs 720. Find the rate of interest.
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Answered by
14
Answer:
4.5%
Step-by-step explanation:
P=Rs 8000
T=2 years
S.I. = Rs 720
Rate=?= (S.I. ×100)÷(P× T)
720×100÷8000×2
72000÷16000
4.5%
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6
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