The simple interest on a certain sum computes to rupees 600 in 3 years and the compound interest on the same sum, at the same rate and for 2 years computes to rupees 410. Find the rate percent
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the answer is
S. I=P×R×T/100
600=410×3×r/100
600×100/410×3= R
60000/1230=R
R=48.780%
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