A man depnumber of daysfor which the principal was depositedswhich is – InterviewSolution

1.	A man depnumber of daysfor which the principal was depositedswhich is given to the student every year What is the rate of interest?of 4500 is deposited in a bank for the Best Student Award in a school. This amount earns annterest of ?540,
Answer» use this formula Rate of interest = simple interest × 100 ÷principle × time(assuming p = amount )

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