Question

Answer this fast it's ergent​

Answer 1

Answer:

( iv ) 10%

Given that ;

Principal ( P ) = Rs. 1,700

Interest ( I ) = Rs. 340

Time ( T ) = 2 Years

Rate of Interest ( R ) = ?

Interest = P × R × T

340 = 1,700 × R × 2

340 = 3,400 × R

340 / 3,400 = R

1 / 10 = R

Hence ;

R = 1 / 10

R = 0.1

or ;

R = 1 / 10 × 100

R = 10%

Rate of Interest ( R ) = 10%