Simple interest for 4.5 years = 10500 - 6000 = 4500
Simple interest for 1 years = 4500/4.5 = 1000
Simple interest for 3 years = 1000 × 3 = 3000
6000 = 3000 + P
P = 3000
3000 = (3000 × R × 3 )/100
R = 100/3 = 33⅓%
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Simple interest of ₹375 is obtained on a sum of money for a period of 3 years at a rate of 2% per annum. Find the sum (in ₹).
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