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Tuesday, 26 November 2019
Simple Interest Sum 2
2) If Principal = Rs 5000, period = 4 years, Simple interest =
Rs 1600, What is the rate of Simple Interest?
I = P X R X T / 100
1600 = 5000 X R X 4 / 100
R = 1600 X 100 /5000 X 4
R = 8%
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