Q2 Find the rate of interest, if Rs700, produces an interest of Rs 168 in 2years
2 marks
Answers
Answered by
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%
Similar questions
English,
1 month ago
Social Sciences,
3 months ago
Science,
3 months ago
Math,
9 months ago
Math,
9 months ago