Question

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

Answer 1

Answer:

the rate should be 10%

Step-by-step explanation:

Firstly.

R=SI * 100/P*T

so 340*100/1700*2then we will cut two zeros of 1700 from 100

and then if we cut 340 from 17 we will get 20

and then we will cut 20 from 2 and 10% will left

so in this way rate =10%

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