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AT WHT RATE RS.1600 GIVE RS.320 AS SIMPLE INTEREST IN 2 YEAR ? MAM GAVE US IN REVISION I SLOVE HALF TELL ME IN DETAIL PLS I WANT TO KNOW 

Dear student
Given:Principal,P=Rs 1600Simple interest, SI=Rs 320Time, n=2 yearWe know that :SI=PRT100SI×100=PRTR=SI×100P×T=320×1001600×2=10%So, rate of interest is 10%

Regards

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Dear student,

Given that:-

P = Rs. 1600

SI = Rs. 320

T = 2yrs.

We know that SI = P X R X T/100

or, SI X 100 = P X R X T

or, R = (SI X 100) / P X T

substituting the values we have,

R = (1600 X 100) / (320 X 2) %

    = 250%

therefore, rate of interest = 250%

hope this helps.

thumbs up plz.
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