Question

10) A deposit of 50,000 results in an amount of
*1,02,500 after a period of time. What is the
interest? If the rate of interest is 21% per year,
what is the period of deposit?​

Answer 1

Answer:

Step-by-step explanation:

Answer 2

Answer: 5 year

Step-by-step explanation:

Deposit 50000

Total amount return 1,02,500

Amount of interest =1,02,500-50,000=52,500

Rate of interest=21%

Amount of interest per year=50,000/21=10,500

Time period=Total amount of interest/ amount of interest per year.

Time period=52,500/10,500= 5