The interest of Rs.1,700 is Rs.340 for 2 years.
find the rate of interest on it. with formula
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10%
Step-by-step explanation:
interest = principal × time × rate
so
340 = 1700 × 2 × x/100
340 = 3400/100 × x
340 = 34 × x
340/34 = x
10=x
rate of intrest = 10%
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