4.Joseph deposited Rs 5000 in a bank at the rate of 10% simple interest .Rafeeq deposited Rs 5000 l in another bank at the rate of 10% compound interest, a) After two years ,how much amount would Joseph get back? About the author Cora
Answer:
p=5000
r=10%
t=2
I=5000*2*10/100
=50*20
=1000
A=5000+1000
=6000