Sia invested rupees 3,600 and rupees 4,800 at the same rate of interest, for 1year andreceived rupees 40 more in one case than in the other. find the rate of interest
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Rate of interest is 3.3333%. Explanation: Given that Sia invested Rs 3600 and Rs 4800 at the same rate of interest.
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Answer:
4800 ÷ 3600 = 3.3333 %
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