rate of interest on sum of Rs 12000 for 4years if the S.I is 720
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Answer:
principle = Rs 12000
Time = 4 years
s.i =Rs 720
S.I = P×T×R%100
720 = 12000 × 4 × R / 100
720 = 48000×R /100
720 = 480× R
R = 720/ 480
R = 1.5 %
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