Question

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

Answer 1

Answer:

Step-by-step explanation:

SOLUTION:

Principal = Rs 5000

Amount = Rs 10000

Simple Interest = Amount - Principal = Rs(10000 - 5000) = Rs 5000

Time = 5 Years

∵ Rate = 100×S.I / P×T

= 100×500 / 5000×5

= 20%

As it is gives Half Yearly Payable so, Int will be

20/2 = 10% and. Hope it helps make me brainlist please