Question

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

Answer 1

Answer:

formula to find rate

=r=intrest*100/p*t

Applying

r=280*100/56000*2

after calculation it will come

r=1/4

So rate is 1/4%

Answer 2

$\large\mathbb{\underline\purple{ANSWER}}$

We have,

$\sf{P~=~₹ ~56000,}$

 $\sf{T~=~2~years~}$

 $\sf{SI~=~Rs.280}$

 

$\sf{We~ know~ that,}$

SI = $\sf\dfrac{P×R×T}{100}$

⇒280 = $\sf\dfrac{56000×R×2}{100}$

⠀

⇒ R = $\sf\dfrac{280×100}{56000×2}$

⇒ $\sf\blue{R~=~0.25}$%