Question

A person déposits Rs 25000 in a firm who pays an interest at the rate of 20% per annum.calculate the income he gets from it annually?​

Answer 1

The income he gets annually from it is Rs 5000.

Explanation:

Principal(p) = Rs 25000

Rate of interest(r) = 20%

Time(t) = 1 year

S.I. = (p×r×t)/100

     =(25000×20×1)/100

    =(25000/5)

    = Rs 5000

∴ His annual income from the firm is Rs 5000.

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Answer 2

Answer:

Principal(p) = Rs 25000

Rate of interest(r) = 20%

Time(t) = 1 year

S.I. = (p×r×t)/100

    =(25000×20×1)/100

   =(25000/5)

   = Rs 5000

∴ His annual income from the firm is Rs 5000.

Step-by-step explanation: