Question

. Amoneylender lends 1,000 to
two years at the rate of 5%
Find out how much interest he gets​

Answer 1

Answer:

Principal (P)= 1000

Time(T) = 2 years

Rate(R)= 5%

Simple Intrest(S.I)= ?

FOR SIMPLE INTREST WE HAD FORMULA

S.I= P×R×T/100

= 1000×5×2/100

= 1000×10/100

= 100

SIMPLE INTREST THAT HE GETS IS 100 RUPEES.