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?
Answers
Answered by
30
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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Answered by
11
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:
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