What rate gives Rs 280 as interest on a sum of Rs 56,000 in 2 years?
S.I. = `"PXRXT"/100`
`280 = (56000xxRxx2)/100`
`R = 280/(560xx2) = 1/4 = 0.25`
Therefore, 0.25% gives Rs 280 as interest on the given sum.
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