a sum of Rs 1000 is lent for 1 year at rate of 7%p.a. find the intrest and the amount.
Answers
Answered by
25
According to question
Principle= Rs. 1000
Rate= 7%
Time = 1 r
SI= P*R*T/100
SI=1000*7*/100
SI=Rs.70
Amount= Principle+SI
Amount= 1000+70
Amount=RS. 1070
Hope you understand
Answered by
5
SI=P*R*T/100
1000*7*1/100
70
INTEREST IS 70 AN AMOUNT IS 1070
1000*7*1/100
70
INTEREST IS 70 AN AMOUNT IS 1070
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