Question

Find the Interest a) Deposite : Rs.700 Rate : 5%; time : 1 yr

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Answer 1

Step-by-step explanation:

We have,

P=Rs.700,R=5%,T=2 Years

We know that

SI=100PRT

Therefore,

SI=100700×5×2

SI=7×5×2

SI=Rs.70

Answer 2

Step-by-step explanation:

principal= Rs. 700

Rate= 5%

Time= 1 year

Now, Simple interest= P×R×T/100

= 700×5×1/100

= 35

ans) interest= ₹35