Question

What rate gives Rs. 280 as interest on a sum of Rs. 56000 in 2 years.

Answer 1

Answer:

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Step-by-step explanation:

Principal = rupees 56000. Time = 2 years. Rate = ? Solution = SI = P× R × T/ 100. Rupees 280 = 56000×R×2/100. Rupees 280 = 560× 2x.

Answer 2

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

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Rate = 0.25 % p.a. (per annum)

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$\large\underline{\underline{\sf{\maltese\:\: \red{Given \: : }}}}$

• Principal (P) = Rs 56000

• Interest (I) = Rs 280

• Time (T) = 2 years

• Rate (R) = ?

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• Rate (R) = ?

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$\bold{R = \frac {SI \: \times \: 100}{P \:\times\: T}}$

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$\large\underline{\underline{\sf{\maltese\:\: \red{Solution \: :}}}}$

$\sf R = \dfrac {SI \: \times \: 100}{P \:\times\: T}$

$\sf R = \dfrac {Rs \: 280 \: \times \: 100 }{Rs \: 56000 \: \times \: 2}$

$\sf R = \dfrac {1}{4}$

$\sf R = 0.25\%$

$\sf Rate = 0.25 \: \%\: p.a. \:(per \: annum)$

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