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The simple interest accrued in 9 yr on a principle of Rs 24250 is 162% of the principal. What is the rate of interest per cent per annum ?
- A22
- B16
- C18
- DCannot be determined
Answer not set
Discussion 1
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CCommunity
Solution
Let the rate of interest be r.
Hence, SI = PrT/ 100 = 162P/100
r*9 /100 = 162/ 100
r=18%
Let the rate of interest be r.
Hence, SI = PrT/ 100 = 162P/100
r*9 /100 = 162/ 100
r=18%