Question

if the interest on 1700rupees is 340rupees for 2years rate of interest is----------​

Answer 1

Step-by-step explanation:

•Int = Principle × Rate of Interest ×Time/100

•340 = 1700×2×Rate of Interest / 100

•10% = Rate of Interest

hope it helps you

Answer 2

Amount of interest = 881.25

Step-by-step explanation:

Given:

Principal amount = 1,700

Annual rate of interest = ?

Number of period = 2

Amount of interest = 340

Computation of annual rate of interest:

Amount of interest = Principal amount × Annual rate of interest × Number of period.

340 = 1,700 × Annual rate of interest × 2

Annual rate of interest = 10%

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