Question

find the rate percent per annum if p=7000 time=2yrs simple intrest =2000​

Answer 1

Answer:

$r = \frac{si \times 100}{p \times r} \\ \frac{2000 \times 100}{7000 \times 2} = \frac{50}{7} \\ = 7.14\%$

Answer 2

Answer:

the formula is s.i=pTR/100= 2000.100/7000.2=R =200000/14000=14.28