the simple interest on rupees 2500 for 3 years is rupees 600 find the rate of interest
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6
Answer:
The rate of interest will be 8%
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Answer:
solution
simple interest =Rs.600
principal=Rs.2500
time=3years
rate=?
si=p×t×r/100
600=2500×3×r/100
600=7500r/100
600=75r
r=600/75
r=8%
so ,rate of interest is 8%
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