If a deposits of 4000 rupees yields an interest of 560 rupee in 2 years how much interest would a deposits of 5000 rupee yields in the same period of time
Answers
A deposit of Rs. 5000 would yield an interest of Rs. 700 in the same period of time.
Step-by-step explanation:
The time period for both the cases is given as the same which is T = 2 years
Let the rate of interest for both the cases be “R”%.
Case 1:
Deposit money i.e., P = Rs. 4000
Interest = Rs. 560
Therefore,
S.I. =
⇒ 560 = [
⇒ 560 * 100 = 8000 * R
⇒ R =
⇒ R = 7 %
Case 2:
Deposit money i.e., P = Rs. 5000
For this case the rate and the time period is same so, R = 7 % & T = 2 years
Thus,
The interest yield by a deposit of Rs. 5000 is given by,
=
= 50 * 2 * 7
= Rs. 700
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Answer:
A deposit of Rs. 5000 would yield an interest of Rs. 700 in the same period of time.
Step-by-step explanation:
The time period for both the cases is given as the same which is T = 2 years
Let the rate of interest for both the cases be “R”%.
Case 1:
Deposit money i.e., P = Rs. 4000
Interest = Rs. 560
Therefore,
S.I. = \frac{PRT}{100}
100
PRT
⇒ 560 = [\frac{4000 * R * 2}{100}
100
4000∗R∗2
⇒ 560 * 100 = 8000 * R
⇒ R = \frac{56}{8}
8
56
⇒ R = 7 %
Case 2:
Deposit money i.e., P = Rs. 5000
For this case the rate and the time period is same so, R = 7 % & T = 2 years
Thus,
The interest yield by a deposit of Rs. 5000 is given by,
= \frac{5000 * 2 * 7}{100}
100
5000∗2∗7
= 50 * 2 * 7
= Rs. 700