Question

rajesh deposited rs 40,000 in his bank for a period of five years what rate of interest will give him an interest earning of rs 10,000?

Answer 1

Hi!

Your question - rajesh deposited rs 40,000 in his bank for a period of five years what rate of interest will give him an interest earning of rs 10,000?


P = ₹40,000
T = 5 years
Let R = R
SI = ₹10,000

Then,
(₹40,000 × R × 5) ÷ 100 = ₹10,000
= ₹2000R = ₹10,000
= R = ₹10,000 ÷ ₹2000
= R = 5%

R = 5%

Thank You
{Hope You Understand}