What rate gives Rs 170 as interest on a sum of Rs 34000 in 2 years?
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Answer:
R= 0.025%
Step-by-step explanation:
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YOUR QUESTION:
What rate gives Rs 170 as interest on a sum of Rs 34000 in 2 years?
LET'S DO IT:
▶️ SI = P×R×T
______
100
▶️ 170 = 34000×R×2
__________
100
▶️170 = 680R
▶️Bring R to the left side or LHS. The equation will look like:
▶️R = 170/680
▶️R = 0.025%
NOTE: R represents Rate.
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YOUR ANSWER: 0.025%
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