What rate gives Rs 280 as interest on a sum of Rs 56000 in 2 years ?
Answers
Answered by
0
313600 answer
Step-by-step explanation:
Si=p×r×t/100
si=56000*280*2/100
=313600
Answered by
1
Answer:
0.25 percent
Step-by-step explanation:
Given :
Principal: Rs 56,000
SI: Rs 280
Time : 2 years
Simple Interest ( SI ) : P×R×T/100
280 = 56,000× R×2/100
R = 56,000 ×2 / 280×100
R = 0.25 prercent
Hence , The rate of interest on sum is
0.25 percent
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