Question

what rate gives Rs.270 as interest on a sum of Rs.54000 in 2 years? ​

Answer 1

Step-by-step explanation:

We have,

P=Rs.56000,

T=2years,

SI=Rs.280

We know that,

SI=

100

P×R×T

280=

100

56000×R×2

R=

2×560

280

R=0.25%

Hence, the value of the rate is 0.25%.

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