Raghav lent Rs. 10000 to Madhav for 2 years and Madhav paid Rs. 11200 after 2 years. (i) What is the rate of simple interest paid by Madhav ?
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Answer:
Rs.600
Step-by-step explanation:
11200-10000: 1200
2yrs: 1200
1 yr: 600
Your answer: Rs.600
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