Question

the sum of rupees 2,000 is deposit in the bank for 5 years with the simple interest at the rate of 10%per year. what will be the amount after 5 years?​

Answer 1

Answer:

Hey buddy

Step-by-step explanation:

This is your answer

I = (5000*10*5)/100 = Rs 2,500. Now, if you add this interest to the principal, The new principal is = (5000+2500) = Rs 7,500. So, the initial amount of Rs 5000 invested at 5% p.a. simple interest with the interest being added to principal every ten years would become Rs 11,250

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