Rs.10000 is invested at 5% interest rate p.a. Find the interest at the end of one year.

cvijecimaxym

cvijecimaxym

Answered question

2022-12-25

Rs.10000 is invested at 5% interest rate p.a. Find the interest at the end of one year.

Answer & Explanation

prejudec481

prejudec481

Beginner2022-12-26Added 8 answers

So, Interest = P × R × T 100
where,
P= principal =Rs 10000
R= annual rate of interest =5%
T= number of years =1
so, Interest = 10000 × 5 × 1 100
= R s . 500

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