A loan of ₹1000 is taken at 10% simple interest per annum for 2 years. If the rate increases by 5 percentage points, by what percentage does the Simple Interest increase?
A loan of ₹1000 is taken at 10% simple interest per annum…
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Written by
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A loan of ₹1000 is taken at 10% simple interest per annum for 2 years. If the rate increases by 5 percentage points, by what percentage does the Simple Interest increase?
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