Sumit had taken Rs50,000 from a bank for 3 years. Sumit had to return to the bank Rs74,000 after the period of 3years. Calculate the rate of interest.
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Answer:
3,700,000,000
Step-by-step explanation:
50000 x 74000/3 x 3
3 and 3 gets cancelled....
3,700,000,000
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