Question

calculate the simple interest on rs 500 for 1 year at 5% rate of interest
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Answer 1

Answer:

p=rs500

time= 1 year

rate = 5%

Simple interest → ( p×r×t) ÷100

simple interest = (500×1×5)÷100

simple interest = 2500÷100

simple interest = RS 25

Answer 2

Answer

25 rupees

Step by Step explanation

Principal. = 500 rupees

Rate of interest = 5%

Time. = 1 year

Simple interest = P * R * T/100

= 500 * 5 * 1/100

= 2500/100

= 25 rupees