Principle =5200 si=975 time =2.5year then ca
Calculate rate
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Answer:
Step-by-step explanation:
given,
principal = 5200
Simple interest = 975
time = 5/2years
rate = SI × 100/ P × T
=> 975×100/5200×5/2
=> 975/52/5/2
=> 975/26/5
=> 195/26
=>7.5
hence the required rate of interest is 7.5% or 7 whole 1/2 %
hope it helps..
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