Question

rajesh borrowed rs 5000 from a bank. he will have to pay rs 10000 after 5 year. find the rate of interest, if the interest is payable half yearly?Take 10√1.072
please solve it
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Answer 1

Answer:

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Step-by-step explanation:

Answer

Given

P=5000

T=5×2=10

I=10000−5000=5000

⇒5000=

100

5000×R×10

⇒R=10% per 6 months