Solve this :
What rate gives 280 as interest on a sum of Rs. 56000 in 2 years?
Answers
Answered by
1
Answer:
rate : 1/16%
Step-by-step explanation:
Answered by
1
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%
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