Robert deposited Rs. 12,500 in a bank for three years. After three
years, he received Rs. 15,500 from the bank as the amount. What is
the rate of interest he received from the bank.?
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22
So the interest of 3years is (15500-12500)=Rs3000
so, the rate is 8%
so, the rate is 8%
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answer is 8 % per annum is a correct answer
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