pratik recived an amt. of rs 31000. principal is 25000rs after 2 years find the rate of intrest?
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Answer:
From question, we have
Principal = Rs. 25000, Amount = Rs. 31000, Time =2 years
∴ S.I. = Rs. 31000− Rs. 25000= Rs. 6000
Rate =
25000×2
6000×100
=12% p.a.
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