Question

3. Rajesh borrowed 5,000 from a bank. He will have to pay 10,000 after 5 years
find the rate of interest, if the interest is payable half yearly. ​

Answer 1

Answer:

P=5000

A=10000

T=5 yes

n=10

A=P(1+r/100)¹⁰

10000=5000(1+r/100)¹⁰

10000/5000=(1+r/100)¹⁰

2=(1+r/100)¹⁰

10√(2)=1+r/100

1.072=1+r/100

1.072-1=r/100

0.072=r/100

0.072×100=r

r=7.2%

Step-by-step explanation:

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