find the interest on ruppes 1000at 5%for 2 years
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Your Answer is 100/120
I'm not so good at maths so please check
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To find : interest on rupees 1000 at 5 % for 2 years
given : principal amount = 1000 Rate = 5 % Time = 2 years
we know formula for simple interest is , P x R x T / 100
Substituting the given values in above formula we get ,
S. I =
= 100
hence interest is Rs 100 on rupees 1000 at 5 % for 2 years.
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