Math, asked by druna886, 5 hours ago

the simple interest on the sum of Rs. 4500 for the 4 years period is Rs. 1440. find the the rate of interest p.c.p.a

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Answered by ritasha1952

0

Answer:

Rate= [(1 yr interest)/Principal]×100

A.C.Q.

1Yr interest= 1440/4

= 360

ie. Rate = (360/4500)×100%

= 8%

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