Question

Solve this :
What rate gives 280 as interest on a sum of Rs. 56000 in 2 years?

Answer 1

Answer:

rate : 1/16%

Step-by-step explanation:

Answer 2

Answer:

0.25%

Step-by-step explanation:

simple interest=p*r*t divded 100

280=56000*r*s dived 100

r=280*100 dived 56000*2

r=0.25%

hence, the rate of interst on sum is 0.25%