what will be the rate of simple interest at which ₹ 17500 will become ₹ 19250 in 2 year
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Step-by-step explanation:
principal-17500/-
time period - 2 years
amount - 19250/-
Simple interest= PxRxT/100
19250 = 17500xRx2/100
19250. =175x2xR
19250. =350xR
19250/350. =R
R. = 19250/350
R=. 5.5%
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