Question

whats rate gives Rs 280 as interest on sum of Rs 56,000 in two years

Answer 1

Hi ,

Principal ( p ) = Rs 56000

Time = t = 2 years

Let the rate of interest = r%

Simple interest = I = Rs280

We know that ,

ptr / 100 = I

r = ( 100 × I )/ problem

r = ( 100 × 280 ) / 56000

= 28/58

= 1/2

= 0.5 %

Therefore ,

r = 0.5 %

I hope this helps you.

:)

Answer 2

P=RS56000
S.I=RS280
T=2 YEARS
SO,
R=(S.I*100)/P*T
   =(280*100)/(56000*2)
    =0.25% ANS