What is the rate f interest, if ₹3750 amounts to ₹4650 in 4 years?
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Amount = ₹4650
Principal = ₹3750
Interest = Amount - Principal
= ₹4650 - ₹3750
= ₹900
Time = 4 years
Rate = 100 × I / P × T
= 100 × ₹900 / ₹3750 × 4
= 6
Ans. = The rate of interest is 6% per annum.
Principal = ₹3750
Interest = Amount - Principal
= ₹4650 - ₹3750
= ₹900
Time = 4 years
Rate = 100 × I / P × T
= 100 × ₹900 / ₹3750 × 4
= 6
Ans. = The rate of interest is 6% per annum.
vasanta372:
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ur wlcm
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