v took a loan if 10000 on simple interest . If he returned 12700 after 3 years what is rate of interest
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Amount =12700
principal=10000
Time=3years
simple intrest =12700-10000
=2700
rate of interest = 100 ×simple interest / principal ×time
100×2700/10000 ×3
=9% rate
principal=10000
Time=3years
simple intrest =12700-10000
=2700
rate of interest = 100 ×simple interest / principal ×time
100×2700/10000 ×3
=9% rate
Vrajesh1:
thank u so much but how to recognize we have to subtract ...plz share d logic also
simple interest =amount -principal
thank u so much
i was so confused i forgot this formula
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