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Find the rate on the principal of 240000/= invested for period of 3.5 years if the interest is 15000. |
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Answer» P = Rs. 240000 T = 3.5 years S.I = Rs. 15000 R = ? \(R = \frac{S.I \times 100}{P \times T}\) = \(\frac{15000 \times 100}{240000 \times 3.5}\) = \(\frac{150}{84}\) = 1.8 % aprox. |
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