Question

16. What rate gives Rs 280 as interest on a sum of Rs 56,000 in 2 years?



0.25

10

25

2.5

Other:



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Answer 1

Answer:

0.25%

280 as interest on a sum of Rs. 56,000 in 2 years? Hence, the rate of interest on sum is 0.25%.

Answer 2

Answer:

0.25%

Step-by-step explanation:

To find rate - Interest x 100 / Principal x time

that is 280 x 100 / 56000 x 2

then we have to simplify...answer will be 1/4 which is 0.25%.

therfore, rate is 0.25%