What rate gives Rs. 280 as interest on a sum of Rs. 56,000 in 2 years?
Answers
Answered by
12
SI = P×R×T/100
Rs280 = 56000×x×2/100
Rs280 = 560×2x
280/ 560 = 2x
1/2 = 2x
1/2×2=x
1/4 = x
0.25 = x
Answered by
7
Answer:
1/4%
Step-by-step explanation:
R = (SI × 100)/P × T
R = (280 × 100)/56000 × 2
R = 28000/112000
R = 1/4
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