Question

find the rate of interest for each of the following . P = rs 5600 T = 2 years I = rs 240

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Answer 1

Answer:

R=2.14%

Step-by-step explanation:

SI=P*R*T/100

R=SI*100/P*T

R= 240*100/5600*2

R=24000/11200

R=2.14%

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Answer 2

Answer:

R = 2.14%

Step-by-step explanation:

===>SI =P*R*T/100

===>R = SI*100/P*T

===>240*100/5600*2

===>R = 24000/11200

===>R = 2.14% is answer