what rate gives Rs. 280 as interest on the sum of Rs. 56000 in 2 years?
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Rate of interest=si×100/p×t
=280x100/56000x2=0.25%
=280x100/56000x2=0.25%
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Answer:
Step-by-step explanation:
Rate of interest = S.I x 100/PxT
280x100/56000x2 = 0.25%
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