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