PLEASE ANSWER THIS QUESTION ASAP.
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Answered by
1
Answer:
0.25%
Step-by-step explanation:
Simple Interest=(Amount*rate*Year)/100
280=(56000*rate*2)/100
280=(112000*rate)/100
28000=112000*rate
rate=28000/112000
rate=28/112
rate=0.25%
Answered by
1
Principal = Rs,56,000
Simple interest = Rs.280
Time = 2 years
Rate R = ?
Simple Interest = Principal x Time × Rate
100
280 = 56000 × 2 × R
100
R = 280 × 100
56000 × 2
= 0.25%
Rate = 0.25%
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