Question

9. In what time will the simple
Simple Interest on? 1,000 for four years at 4% per annum?
10. Mr Jane donates ? 1 lakh to a school and the interest on it is to be used for awarding
five scholarships of equal value. If the value of each scholarship is? 1,500, find the rate
of interest​

Answer 1

9. Simple interest=p*R*T/100 = 1000*4*4/100=160