Question

the difference between the CI and Si on Rupees 2500 at any rate for 2 years is rupees 16 find the annual rate of interest.


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Answer 1

Difference=Principal×(

100

Rate

)

2

2.5=P×(

100

5

)

2

2.5=P×

100

5

×

100

5

P=

5×5

2.5×100×100

P=Rs.1000