Question

The CI ON a sum of money for two yearsis rs 660 while CI is rs 696.30 the rate of intrest being the same in both the cases find the rate of intrest.

Answer 1

You have give the amount or principle to calculate the rate
Or for ex
I=prt/100
=1200*r*2/100
cut 00 from both and then multiply
then we get 24
Hence,R=24.
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