Mr. Vinod deposited a sum of Rs. 2,00,000 in a bank. After 2 years he withdraw Rs. 1,00,000. At the end of 5 years he received an amount of Rs. 1,70,000. The rate of interest is
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mr vinod is a lakhpati person
he withdraw 1 lakh after two years so in his account he has remaining 1 lakh + interest
after five years the the interest he received is 70000
interest per year = 70000/5 = 14000
rate of interest = 14000/70000*100 = 20%
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