(d) The amount and the principal are 4,710 and 4,500. If the time period is 2 years the rate of
interest is? Please solve fast.
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(d) The amount and the principal are 4,710 and 4,500. If the time period is 2 years the rate of
interest is? Please solve fast.
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Answer:
R=7/3%
Step-by-step explanation:
Amount=4710
Principal=4500
Time=2
A=I+P
4710=I+4500
I=4710-4500
I=210
I=PRT/100
210=4500×R×2/100
210=45×2×R
210=90R
R=210/90
R=7/3 (or) 2.33
Hope it helps!!
Answer:
Rate =2 1/3%(If it is Simple Interest)
Step-by-step explanation:
Simple Interest
Given:-
Amount after 2 years= 4710
Principal = 4500
Therefore, Interest of 2 years
= (4710-4500)
=210
Rate
= (Interest*100)/(Principal*Time)
= (210*100)/(4500*2) %
=7/3 %
=2 1/3 %