Rajesh borrowed rupees 5000 from a bank he will have to pay rs 10,000 after 5 years.Find the rate ,if the interest is payable half yearly
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Rate is 20% i gave u photos of solution for this and please give thanks to me bye
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Answer:
P=5000
A=10000
T=5 yes
n=10
A=P(1+r/100)¹⁰
10000=5000(1+r/100)¹⁰
10000/5000=(1+r/100)¹⁰
2=(1+r/100)¹⁰
10√(2)=1+r/100
1.072=1+r/100
1.072-1=r/100
0.072=r/100
0.072×100=r
r=7.2%
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