Question

what rates gives Rs 280 as interest on a sum of 56000 in 2 years

Answer 1

please mark as brainliest

Answer 2

Answer:

50.25% simple interest

Step-by-step explanation:

Simple Interest=280

Principal=56000

time=2 years

Amount=principle+simple interest

Amount=56280

Amount=P*R*T/100

R=Amount*100/P*T

R=56280*100/56000*2

on solving

R=50.25%

I hope you were asking for simple interest only...

Hope this helps