what rate gives Rs280 as intrest on a sum of Rs56000 in 2years?
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solution => solving by simple interest
lets take no of years to be x , then
56000*x*2/100=280
280*100/56000*2=x
1/4=x
x=0.25% (ans)
lets take no of years to be x , then
56000*x*2/100=280
280*100/56000*2=x
1/4=x
x=0.25% (ans)
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