SOLUTION: Mr. Rayan deposit an amount of Rs. 500000 in NIB. Bank offer interest rate at the rate of 6% for 5 years. Calculate simple interest value.

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Question 1083802: Mr. Rayan deposit an amount of Rs. 500000 in NIB. Bank offer interest rate at the rate of 6% for 5 years. Calculate simple interest value.
Answer by jorel1380(3719) About Me  (Show Source):
You can put this solution on YOUR website!
6% for 5 years=30% return
500000x1.3=Rs. 650000 at the end of 5 years. ☺☺☺☺