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Find the rate of interest which ₹90000 will amount ₹115600 in 2 year? full explainationdon't write irrelevant answer |
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Answer» :-Principle :- ₹90000Total amount :- ₹115600Time :- 2 years ➤ To Find :-Rate of interest of the given sum. ➤ Formula required :-★ How to do :-Here, we are given with total amount, principle and the time taken to RETURN the MONEY back. We should find the rate of interest applied to this sum. We can use the formula given above to find that. But, we are not provided with simple interest which is NECESSARY in formula. To find that, we can subtract the total amount and the principle so that the simple interest can be found. LATER, we can find the rate of interest USING the formula. ➤ Solution :-Simple Interest :-Now, Rate of interest :- The rate of interest of the given sum is 14.2%.━━━━━━━━━━━━━━━━━━━━━━ Some related formulas :- |
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