vishwanath borrowed rs 500 for 6 months. he returned rs 512 includind interest and principal.find the rate of interest
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Vishwanath borrowed money= Rs 500
Time= 6 months = 6/12= 1/2
SI= Amount-Principal = Rs 12
SI= P×R×T/100
12=500×R×1/2/100
12=5R/2
24=5R
R=24/5
R=4.8%
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