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Mark and Peter borrowed ₹2250 and ₹2500,...

Mark and Peter borrowed `₹2250` and `₹2500`, respectively, at the same rate of simple interest for `3` years. Peter pat `₹45` more as interest than what Mark paid. Find the rate of interest per annum.

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To find the rate of interest per annum for Mark and Peter, we can follow these steps: ### Step 1: Define the Variables Let: - Principal amount for Mark (P1) = ₹2250 - Principal amount for Peter (P2) = ₹2500 - Rate of interest per annum = r% - Time = 3 years ### Step 2: Write the Simple Interest Formula The formula for Simple Interest (SI) is: \[ SI = \frac{P \times r \times t}{100} \] Where: - SI = Simple Interest - P = Principal - r = Rate of interest - t = Time in years ### Step 3: Calculate Simple Interest for Mark and Peter Using the formula, we can express the Simple Interest for both Mark and Peter: - Simple Interest for Mark (SI1): \[ SI1 = \frac{2250 \times r \times 3}{100} = \frac{6750r}{100} = 67.5r \] - Simple Interest for Peter (SI2): \[ SI2 = \frac{2500 \times r \times 3}{100} = \frac{7500r}{100} = 75r \] ### Step 4: Set Up the Equation Based on Given Information According to the problem, Peter paid ₹45 more in interest than Mark: \[ SI2 = SI1 + 45 \] Substituting the values we calculated: \[ 75r = 67.5r + 45 \] ### Step 5: Solve for r Now, we will solve the equation for r: \[ 75r - 67.5r = 45 \] \[ 7.5r = 45 \] \[ r = \frac{45}{7.5} = 6 \] ### Conclusion The rate of interest per annum is **6%**. ---
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