Question

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

Answer 1

Answer:

10%

Step-by-step explanation:

T = 2yrs

R = ?

SI = 340

P = 1700

R = (SI *100)/(P*T)

  = (340*100)/(1700*2)

  = 10

Answer 2

Answer:

10%

Step-by-step explanation:

given

principle (p)=₹1700

total interest = ₹340

time =2years

sol:-

R=Ix100

$r = \frac{i \times 100}{p \times t}$

$r = \frac{340 \times 100}{1700 \times 2}$

therefore, R=10%

thank you