Question

a person deposited a sum of 10000 in bank after 2 years he withdrew 4000 and at end of 5 years he received an amount of 7900 then rate of interest is​

Answer 1

Answer:

After 2 yrs Amount Interest

loooox2xR/100

200R. (i)

withdrew Rs 4000, Balance Rs. 6000

After 3 yrs interest

6000x3xR/Ioo=180R. (2)

6000+200R +180R = 7900

380R=1900

R = 1900/380=5%

Rate of int=5%