Question

what rate gives Rs 250 as interest on a sum of Rs 56,000 in 2 years?​

Answer 1

Answer:

We have,

 P=Rs.56000,

 T=2years,

 SI=Rs.280

 We know that,

SI=100P×R×T

280=10056000×R×2

 R=2×560280

 R=0.25%

 Hence, the value of the rate is 0.25%.

Step-by-step explanation:

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Answer 2

Step-by-step explanation:

Principal=56000

Time=2year

simple interest=250

so,

SI= P× R× T

250=56000×R×2

250= 112000×R

R=112000/250

R=48

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