Question

Find the simple interest of Rs. 20,000 for 5 years at 10% per annum? Also, at what time will Rs. 50,000 earn the same amount of interest at 5% of simple interest per annum?​

Answer 1

below

Explanation:

Simple interest = 20 000 * .1 * 5 (.1 is 10% in decimal)

at 1/2 the 10% interest it will take twice as long = 10 years