Ex 7.2
Last updated at July 18, 2026 by Teachoo
Transcript
Ex 7.2, 10 What rate gives Rs 280 as interest on a sum of Rs 56,000 in 2 years? I = Rs 280 P = Rs 56,000 T = 2 years R = ? Now, I = šš š/100 280 = (ššššš Ć š¹ Ć š)/ššš 280 = 560 Ć 2R 560 Ć 2R = 280 R = ššš/(ššš Ć š) R = 140/560 R = 14/56 R = 14/56 R = 7/28 R = 1/4 R = 0.25 ā“ Rate of interest = 0.25% p.a