Question

2.0
What rate gives 3500 as interest on a sum of 35000 in 2 years?
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Answer 1

Rate = 35000×2/ 3500

Solve it you will get

20%

Hope it helps you

Answer 2

Step-by-step explanation:

R = SI * 100 / P * T

R =3500 * 100 / 35000 * 2

R = 350000/35000 * 2

R = 350 /2

R = 175 %