Question

Finu
Find the rate of interest, if the interest is payable half yearly. (Take 192 = 1.072)
20. Rajesh borrowed 5,000 from a bank. He will have to pay 10,000 after 5 years.​

Answer 1

Answer:

Given

P  =5000

T  =5  ×  2  =  10

I  =  10000  −  5000  =  5000

⇒  5000  =  5000  x  R  x  10/100

                 

⇒R  =10% per  6  months