Q. 104.4( 124 Votes )

<span lang="EN-US

Answer :

According to the question,


Principal (P) = Rs 56,000


Time (T) = 2 years


S.I = Rs 280


We know that,


Simple interest (S.I) =


Therefore,


280 =


28000 = 56000 × R × 2


R =


=



= 0.25 %


Hence, 0.25 % gives Rs 280 as a interest on the given sum.

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