Question

A man deposited a sum of ₹ 10,000 in a bank and earned an interest of ₹ 1200 in two years.How much interest would a deposite of ₹ 15,000 earn in the same period ( Rate of interest being the same)​

Answer 1

Answer:

10300

Step-by-step explanation:

yeah yeahyahyah ok

Answer 2

Answer:

Step-by-step explanation:

Formula for Simple Interest I = P× T× R /100

Interest for each year = 5/100 × 10000

= rs 500

Interest for each year is the common difference.

Formula for nth term in an AP t₁ = a + (n

1)d

Amount in 15th year = 17000 10000 + 14(500)

Amount after 20 years, which is amount in 21st year 10000 + 20(500)

1)d

Amount in 15th year = 17000 10000 + 14(500)

Amount after 20 years, which is amount in 21st year 10000 + 20(500) 20000