Question

what sum of money will produce simple interest as 70/- for 2 years at 2.5% rate​

Answer 1

Answer:

let sum be x

Step-by-step explanation:

Then According to formula ptr/100=I=70 t=2years r=2.5% then 70=2×2.5×x÷100=2×1×x÷40=70=2800=2x then X=1400