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29 May, 16:16

Find the rate of interest, if the interest is 490 the sum (principal) is 7000 for 2 years

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  1. 29 May, 16:20
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    Rate=3.5%

    Step-by-step explanation:

    i=prt/100

    490=7000*2*r/100

    490=140r

    r=490/140

    r=3.5%
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