Question

At a Rate of 10 p.c.p.a what would be the interest for one year on Rupees 6000​

Answer 1

Step-by-step explanation:

Principal (P) = 6000 rupees

Rate of interest (R) = 10%

Time (T) = 1 year

Now, Interest: PX RXT 100

6000 × 10 × 1 100 60000 100

= 600 rupees

Hence, the interest for one year would be 600 rupees.