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Question
Find the rate percent if the S.I. on ₹275 is 2 years is ₹22.
Sum
Solution
Principal (P) = ₹ 275, S.I. = ₹ 22
Time = 2 years
∴ Rate = `("S.I." xx 100)/("P" xx "T")`
`= (22 xx 100)/(275 xx 2)` = 4 % p.a.
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