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What rate gives Rs 280 as interest on a ...

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

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To find the rate of interest that gives Rs 280 as interest on a sum of Rs 56,000 in 2 years, we can follow these steps: ### Step 1: Identify the given values - Principal (P) = Rs 56,000 - Interest (I) = Rs 280 - Time (T) = 2 years ### Step 2: Write the formula for Simple Interest ...
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