At what rate percent per annum will Rs. 7000 produce rs. 350 as simple intrest in 2 years.
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simple interest = RS 350
time = 2 years
principal = RS 7000
rate % per annum = ?
rate = simple interest x 100
________________
principal x time
=350 x 100
________
7000 x 2
zeros are cancelled
= 35 x 1
_____
7 x 2
= 5/2
=2 1/2 %
rate = 2 1/2 % per annum
time = 2 years
principal = RS 7000
rate % per annum = ?
rate = simple interest x 100
________________
principal x time
=350 x 100
________
7000 x 2
zeros are cancelled
= 35 x 1
_____
7 x 2
= 5/2
=2 1/2 %
rate = 2 1/2 % per annum
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