If the simple interest on $1700$ rupees is $340$ rupees for $2$ years then the rate of interest must be:

12 %

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15 %

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4 %

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10 %

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Solution

The correct option is C $10 %$
Principle $= R s 1700 T i m e = 2 y e a r s$

$S I = R s 340 R a t e = ?$

$\frac{P \times R \times T}{100} = 340$

$\frac{1700 \times R \times 2}{100} = 340$

$R = \frac{340 \times 100}{1700 \times 2}$

$= \frac{340 \times 5}{170} = 10 %$

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If the simple interest on 1700 rupees is 340 rupees for 2 years then the rate of interest must be:

The correct option is C 10 %Principle=Rs1700Time=2yearsSI=Rs340Rate=?P×R×T100=3401700×R×2100=340R=340×1001700×2 =340×5170=10%

If the simple interest on $1700$ rupees is $340$ rupees for $2$ years then the rate of interest must be:

The correct option is C $10 %$
Principle $= R s 1700 T i m e = 2 y e a r s$

$S I = R s 340 R a t e = ?$

$\frac{P \times R \times T}{100} = 340$

$\frac{1700 \times R \times 2}{100} = 340$

$R = \frac{340 \times 100}{1700 \times 2}$

$= \frac{340 \times 5}{170} = 10 %$