Question

If s.i at 7℅ rate for 2 yearbis Rs 70. find the sum?

Answer 1

given,
SI = 70 rs.
rate =7%
time = 2 years

and,

$si \: = \frac{p \times r \times t}{100}$

$= > 70 = \frac{p \times 7 \times 2}{100}$
$= > \frac{70 \times 100}{7 \times 2} = p$
$= > p = 500rs$