Math, asked by rubinasotra, 3 months ago

Q2 Find the rate of interest, if Rs700, produces an interest of Rs 168 in 2years
2 marks

Answers

Answered by asahilthakur

3

Answer:

12%

Step-by-step explanation:

Simple Interest (SI) = Rs.168

Principal (P) = Rs.700

Time (T) = 2 years

Let the Rate be R.

SI = PRT/100

=> 168 = 700 × R × 2/100

=> R = 168/14

=> R = 12%

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