Question

What rate gives Rs. 280 as interest on a sum of Rs. 56,000 in 2 years.? ​

Answer 1

Answer:

simple intrest =(P*R*T)/100

Principal= 56000

Time= 2 years

let rate =x

A to Q

280=(56000*x*2)/100

280=1120x

x=1120/280

x=4 percent

hence rate is 4 percent per anum

Step-by-step explanation:

A to Q is according to question