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What rate gives ₹290 as interest …

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What rate gives ₹290 as interest on a sum of₹58,000 in 2 years

Posted by Dikshita Singhal 6 years, 2 months ago

CBSE > Class 07 > Mathematics

1 answers

Harsh Mishra 6 years, 2 months ago

Answer : Since we know that, SI = P×R×T/100

Therefore, Rs. 290 = 58000 × X × 2/100

Rs. 290 = 580 × 2X

290/ 580 = 2X

1/2 = 2X

1/2×2=X

1/4 = X

0.25 = X, where X = Rate of Interest.

1Thank You

ANSWER

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CBSE > Class 07 > Mathematics