Question

calculate the rate of interest if rupees 5000 , s.i. rupees 700 , time 2 years​

Answer 1

Step-by-step explanation:

SI=PTR/100

R=100*SI/PT

R=100*700/5000*2

R=7%

Answer 2

S.I=PRT/100

given S.I-700,time-2 yr. , to find R

now, 700=5000×2×R/100

70000=10000R

70000/10000=R. R=7%

therefore rate of interest is 7%

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