Question

what will be the rate of simple interest at which ₹ 17500 will become ₹ 19250 in 2 year​

Answer 1

Answer:

here principal amount =₹ 17500

interest=₹ (19250-17500)=₹1750

time =2 years

rate of interest=100×1750/17500×2

=5

rate of interest =5%

Answer 2

Answer:

Principal amount=₹17500

Interest=₹(19250-17500)=₹1750

Time=2 years

Rate of interest=100×1750/17500×2

=5

Therefore,Rate of interest=5%