12) A person deposited a sum of Rs 10000 in his savings
account. After 2 years he withdrew Rs 4000 and
at the end of 6 years, what amount he will get and
at what rate of simple interest?
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3
Answer:
5%
Step-by-step explanation:
A person deposited a sum of Rs. 10,000 in a bank. After 2 years, he withdrew Rs. 4,000 and at the end
let the rate of interest be r%
After 5 years , According the question
7900= 6000+ 10000×2×r/100 +6000×3×r/100
1900= 10000×2×r/100 +6000×3×r/100
1900=200r+180r
1900= 380r
r =5%
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