Question

Rajesh borrowed 5000 from a bank he will have to pay rupees 10000 after 5 years find the rate of interest if the interest payable half-yearly​

Answer 1

Step-by-step explanation:

Amount = Rs 10000

Principal = Rs 5000

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% (Ans)

i hope it helps

Answer 2

Step-by-step explanation:

per year =10,000/5

=2000

=20%

Half yearly=2000/2

=1000

=10%