Math, asked by rohitnfr79, 24 days ago

What rates gives 290 as interest on a sum of 58000 in 2years

Answers

Answered by prajithnagasai

0

Answer:

I = PRT/100

Given, I = 290, T = 2 years, P = 58000, R= ?

→ 290 = 58000 × R × 2/100

→ R = 290 × 100/ 58000 × 2

→ R = 29000/116000 = 1/4

So, rate of interest (R) = 0.25

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