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| 1. |
A sum of Rs. 12,500 amounts to Rs. 15,500 in 4 years at the rate of simple interest. What is the rate of interest? |
| Answer» S.I. = Rs. (15500 - 12500) = Rs. 3000. Rate = 100 x 3000 % = 6% 12500 x 4 Video Explanation: https://youtu.be/SIcQu1HOmOk | |