## Sam and John deposited 20,000 in different banks. Sam deposited the amount for 5 years at a 5% rate of interest while John deposited it

Question

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## Answers ( )

Answer:Sam:

S.I=p.r.t/100=20000*5*5/100=$5000

Amount after 5 years=20000+5000=$25000

John:

S.I=p.r.t/100=20000*3*10/100=$6000

Amount:20000+6000=$26000

so John earn more