Question

what rate given ₹280 as interest on sum of ₹56000 in 2 years

With solutions ​

Answer 1

Answer:

0.25

Step-by-step explanation:

Hence, the rate of the simple interest that gives Rs 280 as interest on a sum of Rs 56,000 in 2 years is 0.25 percent per year. Marke me as a branlliset.

Answer 2

Answer:

0.25% per year

Step-by-step explanation:

let's use the formula of simple interest

so simple interest

$\frac{p \times r \times t}{100}$

$onsubsituting \: the \: other \: values \\ \\ - > 280 = \frac{56000 \times r \times 2}{100 \\ \\ 0.25\\%}$

280= 56000×r×2/100

=0.25%

so the rate of interest is 0.25%

Hope it will help you

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