Question

What rate gives ₹280 as interest on a sum of ₹56000 in 2 years​

Answer 1

Step-by-step explanation:

S.I = ₹ 280,

P = ₹56000

T = 2yr

R = ?

[ R = S.I × 100/P×T ]

[R = ₹ 280 ×100/₹56000× 2]

R = 4% answer.

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