Question

If the interest on 1700 rupees is 340 rupees for 2 years the rate of interest must me.............
I. 12%
ii. 15%
iii. 4%
iv. 10%​

Answer 1

QUESTION:—

If the interest on 1700 rupees is 340 rupees for 2 years the rate of interest must be.............

I. 12%

ii. 15%

iii. 4%

iv. 10%

ANSWER:—

iv.10%

Step-by-step explanation:

GIVEN:—

P=Rs1700

SI=340

T=2yrs

NEED TO FIND:—

R=?

FORMULA:—

SI= (P×R×T)/100

PROCESS:—

340×100/1700×2 =R

R=10%