What is the rate of interest which yields an interest of Rs.1120 on a sum of Rs.56000 for 2 years?
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Answers
Answered by
0
Step-by-step explanation:
What rate gives Rs. 280 as interest on a sum of Rs. 56000 in 2 years
Answered by
3
Step-by-step explanation:
= 100*I/p*t
= 100*56000/1120*2
= 10*56000/112*2
= 560000/112*2
= 280000/112
= 2500
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