Santana borrowd₹450 from after 2 year hi Raju what was the rate of interest
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Step-by-step explanation:
Given:
Principal,P = rs 450
Time, T = 2 years
Simple interest, S.I = rs 45
To find out
Find the rate %.
Formula used:
R = S.I × 100 / P × T
Solution:
We know that,
R=S.I × 100 / P × T
R= 45×100/450×2
R= 4500/900
R= 5 %
C.I = Amount (A) - Principal (P)
A = P × ( 1 + r/100)^n
Discount = M.P - S.P
C.P = S.P - Profit
S.P = Profit + C.P
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