Question

If the interest on 1700 rupees is 340 rupees for 2 years the rate of interest must be ________ p.c.p.a. solve with explanation​

Answer 1

answer is 10%!!!!!!!!!!!!!!!

Answer 2

Here ,

Principal =1700

Time = 2 yrs

simple interest =340

rate =?

Let the rate be x

then,

SI = p×r×t / 100

340= 1700×X×2 / 100

340 = 17X×2

340= 34x

x = 340 /34

x = 34 ans

so ,

rate % = 34% ans

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