Answer:
<u>7000</u>
We have: I = P × R × T / 100
Here, I = 980
P = 7000
T = 8
Substitute their values into the expression:
980 = 7000 × R × 8 / 100
R = 980 × 100 / 7000 × 8
R = 98000 / 56000
R = 1.75%
In short, Your Answer would be 1.75%
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