4.Joseph deposited Rs 5000 in a bank at the rate of 10% simple interest .Rafeeq deposited Rs 5000
l in another bank at the rate of 10% compound interest,
a) After two years ,how much amount would Joseph get back?
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Answer:
p=5000
r=10%
t=2
I=5000*2*10/100
=50*20
=1000
A=5000+1000
=6000
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