What is the rate of interest if we pay rupees 3000 for 30000?
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Answered by
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Given
Principal Amount = 30000
Interest Amount = 3000
we know that the rate of interest
=( Interest Amount/ Principal Amount )× 100
= (3000/30000)×100
=300000/30000
= 10 % is the interest rate
=
Principal Amount = 30000
Interest Amount = 3000
we know that the rate of interest
=( Interest Amount/ Principal Amount )× 100
= (3000/30000)×100
=300000/30000
= 10 % is the interest rate
=
Answered by
0
Rate of Interest =( Interest Amount / Principal ) × 100 (3000/30,000) × 100 = 10%
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