rupees 7000 left in a bank for 10 years at simple interest amounts to rupees 9800 what would this amount and amount to after another 5 years at the same rate
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P=Rs 7000
N = 10
Int I = 9800-7ooo=2800
R = looxl/PN=100x2800/7000x10
= 4% Ans
After 5yrs
A=P+PNR/loo=9800+9800x5x4/100
= 9800+1960 = Rs11760. Ans
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