Question

At a rate of 10 p.c.p.a what would be the interest for 1 year on ru. 6000

Answer 1

Answer:

600

Step-by-step explanation:

Given, Principal = 6000, Time(t) = 1 year, Rate of interest(r) = 10%. Interest is calculated per annum.

Simple Interest:

We know that SI = PTR/100

                           = (6000 * 1 * 10)/100

                           = 600

Therefore, Interest = 600.

Hope it helps!