Question
If Manohar pays an interest of Rs 750 for 2 years on a sum ofRs 4,500, find the rate of interest.
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Text solutionVerified
Solution: let rate of interest be x
I=
interest of 2 yrs
interest of 1 year
interest = of principal amount
Rate of interest =
answer
I=
interest of 2 yrs
interest of 1 year
interest = of principal amount
Rate of interest =
answer
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Question Text | If Manohar pays an interest of Rs 750 for 2 years on a sum ofRs 4,500, find the rate of interest. |
Answer Type | Text solution:1 |
Upvotes | 152 |