Question

A man gives 40,000 to a farmer at a 5% rate of
interest. How much interest would the farmer
pay him back after two years​

Answer 1

Step-by-step explanation:

principal=40,000

rate=5%

time=2years

I=PTR/100

=40,000x2x5/100

=400x2x5

=4,000

the intrest farmer should pay is 4,000