What rate gives Rs 250 as interest on a sum of 55,000 in 2 years?
Answers
Answered by
14
Answer:R=0.22% or (25/110)%
Step-by-step explanation:
Int.= (PRT)/100
250=(55000×2×R)/100
250×100=110000×R
25000/110000=R
R=0.22.
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Answered by
5
rate of interest = .45 %
Step-by-step explanation:
interest = Rs 250/-
principal = 55000/-
time = 2 years
simple interest = P * R * T /100
250 = 55000 * R * 2/100
R = (250 * 100) / 55000
R = .45%
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