The difference between CI and SI on Rs 8000 for 3 years is 61.Find rate of interest.
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Answer:
simple interest= p×r×t/100
principal=8000
rate= 61
time=3 year
8000×61×3/100
14640
wonderfulbishnu:
your answer us incorrect.. in question it us mentioned that the difference between compund interest and simple interest is 61.not rate of interest is 61 ok
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