Rs. 1000 amounts to Rs. 2000 in 8 years simple interest, find the rate of interest
explain it
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Answer:
si = prt/100
1000 × 8 × r/100 = 80r
80 × r = 1000
r = 12.5
the rate of interest = 12.5
(if u want to verify)
1000 × 12.5 × 8/100
10 × 12.5 × 8
=1000
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