Browse by Stream
QnA
Home
QnA
Go To Your Study Dashboard

Get Answers to all your Questions

header-bg qa
  • Home
  • NCERT
  • What rate gives Rs 280 as interest on a sum of Rs 56,000 in 2 years?

Q.10.    What rate gives Rs 280 as interest on a sum of Rs 56,000 in 2 years?

Answers (1)

best_answer

Given that,
Principal = Rs 56,000
Interest = Rs 280
Time = 2 year

Rate= ?

Therefore, 
Rate = \frac{100\times I}{P\times T}
             = \frac{100\times 280}{56,000\times 2} = 0.25\%

Posted by

manish

View full answer

Similar Questions

Trending Articles/News

anam-khan

JNV Class 11 Admission 2027-28: Registration begins for lateral entry; apply by September 30

Latest Question