Question

At a rate of 10 p.c.p.a., what would be the annual interest for 1 year on ₹2000?

Answer 1

Given ,rate=10%p.a

time =1year

principal =Rs2000

now ,annual rate of interest= P*R*T

———

100

= 2000*10*1/100

= Rs200

therefore annual rate of interest is Rs 200

Hope it helps