what is the rate of interest wch yields an interest of rupees 280 on a sum of rupees 56000 after 2 year
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Hi friend
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Your answer
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Given that : -
Principal = Rs 56000
Time = 2 years
Simple interest = Rs 280
Rate of interest = ?
Now,
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(P × R × T )/100 = 280
=> (56000 × R × 2)/100 = 280
=> R = (280 × 100)/(56000 × 2)
=> R = 0.25%
HOPE IT HELPS
--------------
Your answer
--------------------
Given that : -
Principal = Rs 56000
Time = 2 years
Simple interest = Rs 280
Rate of interest = ?
Now,
----------
(P × R × T )/100 = 280
=> (56000 × R × 2)/100 = 280
=> R = (280 × 100)/(56000 × 2)
=> R = 0.25%
HOPE IT HELPS
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