What rate gives Rs 280 as interest on a sum of Rs 56,000 in 2 year?
Ans- Principal=56,000
Simple Interst =Rs 280
Time=2 years
Rate=?
Simple Interst=p*r*t=56,000*R*2/100
Rate=280/560*2
=1/4%p.a.
What rate gives Rs 280 as interest on a sum of Rs 56,000 in 2 year?
Ans- Principal=56,000
Simple Interst =Rs 280
Time=2 years
Rate=?
Simple Interst=p*r*t=56,000*R*2/100
Rate=280/560*2
=1/4%p.a.