Question

What rate gives ₹ 280 as interest on a sum of ₹ 56,000 in 2 years?​

Answer 1

Answer:

4%

Step-by-step explanation:

Given ;

P = 56000

T = 2 years

R = ?

SI = P × R × T / 100

280 = 56000 × R × 2 / 100

R = 56000 × 2/ 280 × 100

R = 112000 / 28000

R = 4 %

Hope it helps!!

Answer 2

Answer

• given that the interest = 280 /-
• principal = 56000 /-
• time = 2 year

☞ rate =

$\frac{interest \: \times 100}{principal \times time}$

according to the formula substitute the value

☞

$\frac{280 \times 100}{56000 \times 2} = \frac{28000}{112000} = \frac{28}{112} \\ 0.25$

☞ rate = 0.25%

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