Question

At what rate, 2800 gives 208 as simple interest in 2 years​

Answer 1

$\sf\pink{Appropriate \: question}$

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

$\sf\red{Answer}$

Here, Principal (P) = Rs. 56,000, Simple Interest (S.I.) = Rs. 280, Time (T) = 2 years

Simple interest = $\frac{p \times r \times t}{100}$

$280 = \frac{56000 \times r \times 2}{100} = \: r \: = \: \frac{280 \times 100}{56000 \times 2}$

$r \: = 0.25 \: \%$

Hence the rate of interest on sum is 0.25%.

Answer 2

Answer:

0.25 percent is the answer