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A sum of Rs. 12500 amounts to Rs. 15500 in the 4 years at the rate of simple interest. Find the percent rate.

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A sum of Rs. 12500 amounts to Rs. 15500 in the 4 years at the rate of simple interest. Find the percent rate.
posted Jun 29 by Amarvansh

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1 Answer

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15500 - 12500 = 3000 = Simple Interest
Rate of interest = (3000 × 100)/(12500 × 4) = 6%.
.

answer Jun 30 by Tejas Naik



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