what is the rate of interest which yeilds an interest of ₹280 on a sum of ₹56000 for 2 years
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3
Answer:
0.25%
0.25%280 as interest on a sum of Rs. 56,000 in 2 years? Hence, the rate of interest on sum is 0.25%.
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1
Step-by-step explanation:
R=S.I×100/P×T
R=280×100/56000×2
=2%p.a.
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