what rate gives rs.750 as interest on a sum of rs.5000 in one year
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here is your answer dear
I = 750
P=5000
t=1yr
r=…?
I=Prt/100
r=I×100/(P×t)
r= 750×100/(5000×1)
r=75000/5000
r=15%
I = 750
P=5000
t=1yr
r=…?
I=Prt/100
r=I×100/(P×t)
r= 750×100/(5000×1)
r=75000/5000
r=15%
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