6. A well-known company advertises Make Fixed Deposits of 50 lakhs with us
become crorepati in 5 years flat! If the company offers simple interest. then their rate of
interest is,
me think difficult to help please
Answers
Answered by
1
Given : company advertises Make Fixed Deposits of 50 lakhs with us
become crorepati in 5 years flat!
the company offers simple interest.
To Find : rate of interest
Solution:
Make Fixed Deposits of 50 lakhs
=> P = 50 lakhs
become crorepati
=> A = 100 lakhs ( as 1 crore = 100 lakhs)
R = ?
T = 5
SI = P * R * T /100
A = P + SI
=> 100 lakhs = 50 lakhs + SI
=> SI = 50 lakhs
SI = P * R * T /100
50 lakhs = (50 lakhs ) * R * 5 / 100
=> 1 = R/20
=> R = 20
Rate of interest is 20 %
Learn More:
if the difference between the ci and si for 2 years at 12 percentage ...
brainly.in/question/11868846
1. Find the difference between C.I and S.I on 5000 for 1 year at 2 ...
brainly.in/question/13187389
Similar questions