FIND RATE % SI = 280, P = 56,000, T = 2 YEARS
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use formula
SI=PxrxT/100
280=56000 x r x 2/100
280=560 x r x 2
r=1/4%
SI=PxrxT/100
280=56000 x r x 2/100
280=560 x r x 2
r=1/4%
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