Question

A company deposits 200$inbankwithaninterestrateof$5 $50$ with the same interest rate?

• A. $5$
• B. $10$
• C. $15$
• D. $25$

Answer 1

The correct option is A $5$

Let the money interest is going 50$in$t$ year.

We know that Interest $=\frac{principal\times rateofintrest\times time}{100}$

Than$50=\frac{200\times 5\times t}{100}$

$\Rightarrow 50=10t$

$\Rightarrow t=5$

Then interest 50$in$5$ years.