Question

what rate give 280 Rupees as interest on a sum of 60000 in 2 years​

Answer 1

Answer:

see here is an example for you

Step-by-step explanation:

We have,

P=Rs.56000,

T=2years,

SI=Rs.280

We know that,

SI=  

100

P×R×T

​  

 

280=  

100

56000×R×2

​  

 

R=  

2×560

280

​  

 

R=0.25%

Hence, the value of the rate is 0.25%

Answer 2

Step-by-step explanation:

We have,

P=Rs.60,000

T=2 years,

SI= Rs.280

We know that,

SI=  P×R×T /100

280=  60000×R×2 /100

R (Rate) =  2×60 0 (600 not 60000 bcoz, 00 of 100 and 00 of 60000 will cut)        

280 /2×600

280/1,200

Rate = 23.33%

Hence, the value of the rate is 23.33%.

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