Question

what rate gives 280 as intrest on a sum of 56000 in 2 years​

Answer 1

Answer:

Hey mate, the answer is 0.25%

Step-by-step explanation:

We know that,

SI = PRT/ 100

₹280= ₹56000*R*2/ 100

₹280*100/ ₹56000*2 = R

R= 1/4%

R= 0.25%

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