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 P = Rs.12000, A = Rs.16500, T=2½  years. Rate percent per annum simple interest will be 
  • a)
    15%
  • b)
    12%
  • c)
    10%
  • d)
    None of these
Correct answer is option 'A'. Can you explain this answer?
Most Upvoted Answer
P = Rs.12000, A = Rs.16500, T=2½ years. Rate percent per annum ...
To find the rate of interest, we can use the formula:

A = P(1 + rt)

Given:
P = Rs. 12000
A = Rs. 16500
T = 2 years

Substituting the given values into the formula, we have:

16500 = 12000(1 + r * 2)

Now, let's solve for r:

16500 = 12000 + 24000r
4500 = 24000r
r = 4500/24000
r = 0.1875

Therefore, the rate of interest is 18.75%.
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P = Rs.12000, A = Rs.16500, T=2½ years. Rate percent per annum simple interest will bea)15%b)12%c)10%d)None of theseCorrect answer is option 'A'. Can you explain this answer?
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