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
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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%
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