years is 150 and
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EXAMPLE 23. Simple interest on a certain sum of money for 1
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C.I. is 7153-33. Find the rate.
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Answer: S.I for 1year = 225/3 =75 S.I for 2 years = 150 Difference between S.I and C.I is 3 which is 4% of 75( S.I for 1 year) So, the rate of interest must be 4% 4% is 75 100% is 1875 ...the principle.
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