What rate gives Rs 200 as interest on a sum of Rs 6000 in 2 years.
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Answered by
0
Answer:
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Answered by
1
Step-by-step explanation:
ANSWER
We have,
P=Rs.56000,
T=2years,
SI=Rs.280
We know that,
SI=
100
P×R×T
280=
100
56000×R×2
R=
2×560
280
R=0.25%
Hence, the value of the rate is 0.25%.
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