Present worth of RS. 11660 due 9 months hence is RS. 11000 Find the rate of interest
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hope it helps
Step-by-step explanation:
Amount =₹11660. Time=9 months=9/12=3/4yrs
principal=₹11000
SI=A-P=₹660
Rate of interest=100*SI/P*T
100*660/11000*3/4
100*660*4/11000*3
=7.2
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