calculate the interest on 2500 for 1 year at the rate of 10 p.c.p.a
Answers
Answer:
Simple interest is ₹250
Step-by-step explanation:
Given
GivenPrincipal =₹2500
GivenPrincipal =₹2500Time=1year
GivenPrincipal =₹2500Time=1yearRate = 10%per annum
GivenPrincipal =₹2500Time=1yearRate = 10%per annumTherefore, Simple interest=prt/100
GivenPrincipal =₹2500Time=1yearRate = 10%per annumTherefore, Simple interest=prt/100 = 2500×1×10/100
GivenPrincipal =₹2500Time=1yearRate = 10%per annumTherefore, Simple interest=prt/100 = 2500×1×10/100 =₹250
GivenPrincipal =₹2500Time=1yearRate = 10%per annumTherefore, Simple interest=prt/100 = 2500×1×10/100 =₹250Ans)₹250
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Given:-
- Principal = ₹2500
- Time = 1 year
- Rate = 10% per annum
To find:
- Simple interest
Solution:
Here, given that on principal ₹2500 on rate of 10% per annum for time 1 year find simple interest on it.
According to find simple interest,
We know that :
Where,
- P = principal (i.e ₹2500 given)
- R = rate % (i.e 10% per annum given)
- T = Time (i.e 1 year given)
Let putting all known values in this formula :