Todd has ₹100,000 in a savings account that earns 11% interest per year. The interest is not compounded. To the nearest paisa, how much interest will he earn in 5 years?
Use the formula i = prt, where i is the interest earned, p is the principal (starting amount), r is the interest rate expressed as a decimal, and t is the time in years.
Round your answer to the nearest paisa.
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