1.

What rate gives Rs 250 as interest on a sum of 55,000 in 2 years?

Answer»

Answer:R=0.22% or (25/110)%

Step-by-step explanation:

INT.= (PRT)/100

250=(55000×2×R)/100

250×100=110000×R

25000/110000=R

R=0.22.

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