Question

Find the rate percent per annum at which rupees 1700 will amount to rupees 2074 in 4 years - please solve the math

Answer 1

Step-by-step explanation:

I=A-P=2074-1700

374

R=I*100/P*T

374*100/1700*4

187/34

=5.5%

Answer 2

Answer:

30.5%

Step-by-step explanation:

let the rate percent be X

amount = 2074

principal = 1700

time = 4 years

Since,S.I. = P*R*T/100

therefore,

= 2074 = 1700*X*4/100

= 2074 = 1700*X*4

100

= 2074 = 17*X*4

= 2074 = 68*X

= 2074

68

= 30.5%

therefore,rate of interest per annum is 30.5%