What is the rate of interest which gives an interest of Rs. 2,800 on a sum of Rs. 56,000 for 2 1/2years?
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Answer:
SI= Rs 280
P=Rs56000
T= 2 years
to find:-rate
we will take rate to be r
PRT/100= 56000 X r X 2/100= 280
56000 X r X 2= 280 X 100
r X 2= 28000/56000
r = 1/2 /2
r= 1/4( 0.25 )
Asad81587:
It’s wrong
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the answer is 0.063(approx) ..
hope it helps !!!
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