Question

Rajesh deposited 40,000 in his bank for a period of five years. What rate of interest willgive him an interest earning of 10,000?
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Answer 1

Answer:

use this formulae

amount=principle(1+rate/100)year

a=40000(1+10/100)^

40000*110/100*110/100*110/100

53240/~

Answer 2

Answer:

p×t×r/100=SI

40000×5×R/100=10000

R=5percent