Sathiya deposited Rs. 6000 in a bank and received Rs.7500 at the end of 5 years. Find the rate of interest?
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Answer:
25 per annum
Step-by-step explanation:
Amount = principal× rate × time /100
7500=6000×rate ×5/100
75 = rate × 3
rate = 75 ÷ 3
=25
Rate = 25
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