Question

what rate gives ₹ 290 ad Interest on a sun of ₹ 58000 in 2 years?
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Answer 1

Step-by-step explanation:

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GIVEN:

Interest = P*R*T/100

$58000 = \frac{290 \times r \times 2}{100}$

$58000 = \frac{29 \times r}{5}$

$58000 \times 5 = 29 \times r$

$290000 = 29 \times r$

$r = \frac{290000}{29}$

$r = 10000$

Therefore rate is 10000 rupees