principal=5200 SI =975 time = 5 months 2 years find rate
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SI = 975
P = 5200
T = 2yrs and 5 months i.e. 2 and 5/12 yrs i.e. 29/12 yrs
Let, R = r
SI = PRT /100
975 = 5200×r×29/ 100×12
975 = 150800 r /1200
975 × 1200 = 150800×r
1170000 = 150800×r
r = 1170000 / 150800
r = 7.75.... or 8.
Therefore, the rate is equal to 8% (approximately ).
P = 5200
T = 2yrs and 5 months i.e. 2 and 5/12 yrs i.e. 29/12 yrs
Let, R = r
SI = PRT /100
975 = 5200×r×29/ 100×12
975 = 150800 r /1200
975 × 1200 = 150800×r
1170000 = 150800×r
r = 1170000 / 150800
r = 7.75.... or 8.
Therefore, the rate is equal to 8% (approximately ).
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