Question

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

Answer 1

SI = P×R×T/100

Rs280 = 56000×x×2/100

Rs280 = 560×2x

280/ 560 = 2x

1/2 = 2x

1/2×2=x

1/4 = x

0.25 

Answer 2

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Sweety✌✌