Question

Find the simple interest on principle =100 rate=5% time=2year

Answer 1

Heya !!!

Here is your answer,

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Principal (P) = ₹100
Rate of interest = 5%
Time = 2 years

$Simple \: \: Interest = \frac{P \times R \times T}{100} \\ \\ Simple \: \: Interest = \frac{100 \times 5 \times 2}{100 } \\ \\Simple \: \: Interest = 10$

Simple Interest = ₹ 10

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Amount = Principal + Simple Interest

Amount = 100 + 10 = ₹ 110

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Hope it helps .