Question

Deposit = * 10,000 Time = 2 years SI = 700
Rate=?
Plz tell with formulas​

Answer 1

$\tt {\underline{ \underline{ \red{✠Answer:-}}}}$

Formula used:

$\rm{Rate= \frac{Interest×100}{Principal×Time} }$

Solution :

Principal (P) = Rs.10000

Time(T) = 2 Years

S.I (I) = Rs.700

$\bf{Rate=} \tt{ \frac{7 \cancel{00}×1 \cancel{00}}{1 \cancel{00} \cancel{00}×2} }$

$= \tt{ \frac{7}{2}\% \: or \: 3 \frac{1}{2} \%}$

$\therefore \bf{Rate \: = \red{3 \frac{1}{2}\% }}$