sathya deposited 6000 in a bank and received 7500 at the end of 5 years find the rate of interest
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Answer: 25%
Step-by-step explanation: according to the equation ,
I = PRT ÷ 100
I = Rs.7500
P= Rs.6000
T= 5 years
Thus ,
7500 = 6000×R ×5 ÷100
R = 7500×100÷6000×5
R= 25%
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