What rate gives Rs. 8000 as interest on a sum of Rs. 32000 in 2 years at simple interest
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4
Step-by-step explanation:
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6
Answer:
12.5%
Step-by-step explanation:
interest equals principal × no of years × rate the whole divided by 100
hence here
8000 equals 32000×2×R/100
hence 800000/64000
hence
12.5%
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