Question

At a rate of 10 p.c.p.a what would be the interest for one year on ₹ 6000? ​

Answer 1

Answer:

Rate=10%

time=1 year

principal=₹6000

interest=

$\frac{p \times r \times t}{100}$

$\frac{6000 \times 10 \times 1}{100}$

$\frac{60 \times 10 \times 1}{1}$

600

1

=Interest=₹600