what is the rate of interest which yields an interest of rupees 240 on a sum of rupees 48000 for 2 years?
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Answer:
0.25% PER ANNUM
Step-by-step explanation:
S.I =240
PRINCIPAL =48000
TIME =2
R = SI ×100/PT
= 240×100/48000×2
=1/2×2
=1/4%
=0.25%PER ANNUM
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