ram received Rs 2000 as interest on the sum of Rs 20000 after 1 year so the rate of interest was
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The rate of interest is 10%
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Answer:
40%
Step-by-step explanation:
Principle 2000
intrest 2000
time 1year
Rate of interest 2000×2000×1
100
so after multiplying we get 4000
100
after cutting we get 40
so rate of intrest is 40%
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