Question

Please help me!!!!.......

Answer 1

1.7%

Explanation:

Simple interest (I) is calculated as

I =
`(PRT)/(100)` ← substitute values for I, P and T

17 =
`(500(2)R)/(100)` ( multiply both sides by 100 to clear the fraction )

1700 = 1000R ( divide both sides by 1000 )

1.7 = R

The rate of interest is 1.7%