Question

What is the rate of intrest which yields an interest of rs 560 on a sum of rs 28000?

Answer 1

Answer:

Explanation:

Assuming year as 1 .

Given : P = 28000 , S.I = 560

S.I = PNR/100

R = 560/280 = 2%

Answer 2

${\fbox{\fbox{\fbox{\fbox{\fbox{\huge\sf\purple{AnsWeR}}}}}}}$

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

t = 2 years

p = 28000

interest = 560

$\sf{560 = 28000xRx1/100}$

$\sf{560x100 = 28000xR}$

$\sf{\frac{56000}{28000 }= R}$

R = 2

Rate is 2 %.