Raj borrowed ₹52000 to purchase a car. He returned ₹ 83200 after 4 years. Find the rate of interest.
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Answer:
given,
principal=52000
amount=83200
time=4yrs
therefore, interest=amount-principal
=83200-52000
=31200
- rate=I*100/P*T
- =31200*100/52000*4
- =15% ans
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