Question

A father deposits a total sum of rs 50,000 at 5% simple interest per annum in the names of his two sons in such a way that at the age of 18 years

Answer 1

Answer:

Principle=50,000

Rate=5℅

Time =18 years.

Simple interest= P×R×T\100

50,000×5×18/100

=2500×18

=45000.

Answer helps you