Question

(d) The amount and the principal are 4,710 and 4,500. If the time period is 2 years the rate of
interest is? Please solve fast.
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Answer 1

Answer:

R=7/3%

Step-by-step explanation:

Amount=4710

Principal=4500

Time=2

A=I+P

4710=I+4500

I=4710-4500

I=210

I=PRT/100

210=4500×R×2/100

210=45×2×R

210=90R

R=210/90

R=7/3 (or) 2.33

Hope it helps!!

Answer 2

Answer:

Rate =2 1/3%(If it is Simple Interest)

Step-by-step explanation:

Simple Interest

Given:-

Amount after 2 years= 4710

Principal = 4500

Therefore, Interest of 2 years

= (4710-4500)

=210

Rate

= (Interest*100)/(Principal*Time)

= (210*100)/(4500*2) %

=7/3 %

=2 1/3 %