Math, asked by hyzam7894, 1 year ago

The rate which gives ₹560 as interest on a sum of ₹14000 in 2 years is









Answers

Answered by Anonymous
2
Let, Rate of interest = r%

Given that : Simple Interest = Rs. 560

Principal = Rs. 14000

Time = 2 years

Now, according to the question :


560 =  \frac{14000 \times 2 \times r}{100}  \\  \\  =  > r =  \frac{560}{140 \times 2}  \\  \\  =  > r = 2

So, the rate of interest will be 2%
Answered by PravinRatta
1

Answer:

2 %

Step-by-step explanation:

Given that,

Simple Interest in two years= Rs. 560

And Principal amount = Rs. 14000

Formula of simple interest-

S.I = ( P * R * T ) / 100

Where,

P = Principle amount

R = Rate of interest

T = Time

S.I = ( 14000 * R * 2 ) / 100

560 = 280 * R

R = 560 / 280 = 2

So, the rate of interest = 2%

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