Math, asked by saritadhananjaysingh, 11 months ago

Find the rate gives rupees 280 interest of a sum of 56000 in 2 years

Answers

Answered by vizvisala

The equation is :

Interest = principle amount × time × rate

280 = 56000 × 2 × rate ÷ 100

280 = 560 × 2 × rate

280 = 1120 × rate

Therefor:

Rate = 1120÷ 280

Rate = 4 ℅

saritadhananjaysingh: But in your above answer you didn't mention about divided by 100

vizvisala: Yes the rate is always divided by 100 . you asked me the rate , so I didnt mention it..

saritadhananjaysingh: Where does you go

vizvisala: Actually I'm using my method and not sure about yours ...

vizvisala: We always use this equation to solve problems..

vizvisala: Hey sorry mate I have just missed something ...wait and I'll tell u the correct answer

saritadhananjaysingh: Thanks bro

vizvisala: I'm really sorry and plz dont be confused!!

vizvisala: Thanks for helping me about that 100

vizvisala: I think the above one is the correct answer

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