Question

Rahul gave rupees 15000 to Santosh for 3 years Santosh gave him rupees 4500 as an interest then what will be rate of interest percent per annum​

Answer 1

GIVEN

• Principal = 15000
• Interest = 4500
• Time = 3 years

SOLUTION

• Rate = Simple Interest*100/Principal*Time

• Rate = 4500*100/15000*3

• Rate = 450000/45000 = 10

★ So the Rate is 10%

Answer 2

Answer:

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