Question

What is the rate of interest which yields an interest of ₹560 on a sum of ₹28000 after 2 years?​

Answer 1

$\huge\star\underline{\mathtt\red{A}\mathtt\green{N}\mathtt\blue{S}\mathtt\purple{W}\mathtt\orange{E}\mathtt\pink{R}}\star\:$

According to the question.

t = 2 years

p = 28000

interest = 560

560 = 28000xRx2/100

560x100 = 56000xR

56000/56000 = R

R = 1

Rate is 1 %

Answer 2

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• $\large \sf{ According\:to\: question}$

t = 2 years

p = 28000

interest = 560

$\sf{560 = 28000xRx2/100}$

$\sf{560x100 = 56000xR}$

$\sf{\frac{56000}{56000 }= R}$

R = 1

Rate is 1 %.