The rate of interest obtained by investing in 8% stock at Rs 160 will be?
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finding percentage
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The rate of interest for the above investment will be 12.8 Rs.
Step-by-step explanation:
Given:
The per cent of interest= 8%
The amount at which rate is obtained= Rs 160
To calculate = the rate of interest
Solution:
The rate of interest is given by :
Rate of interest = percentage interest× the amount÷100
Plugging the values in the equation, we get:
Rate= 8×160÷100
Rate = 1280÷100
Rate = rs.12.8
Result:
Thus, the rate of interest for the above investment will be 12.8 Rs.
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