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12.5%
Step-by-step explanation:
Simple interest = P×R×T
100
- Principal = ₹ 1560
- Rate of interest = ?
- Time = 3 years
- Simple interest = ₹ 585
Substituting in the formula we get,
=> 585 = 1560×R×3
100
=> 585×100 = 1560×3×R
=> 58500 = 4680×R
=> R = 58500
4680
=> R = 12.5%
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Answered by
2
Correct answer is 8%
Reffer the attachment .......
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