What rate gives Rs. 280 as interest on a sum of Rs. 56000 in 2 years.
Answers
Answered by
2
R = 100 × I / P × t = 100 × 280 / 56000 ×2
= 0.25 %
Answered by
7
Answer:
1/4% or 0.25%
Step-by-step explanation:
Rate = Interest × 100/Principal × Time
= 280 × 100/56000 × 2
= 28/56 × 2
= 28/112
= 1/4%
1/4% can also be written as 0.25%.
Therefore, 0.25% gives Rs. 280 as interest on a sum of Rs. 56000 in 2 years.
Similar questions