Question

Find the simple interest on Rs 10000 at the rate of 10 p.c.p.a for 1 year.​

Answer 1

Given - Principal amount : Rs. 10000

Rate : 10% per annum

Time : 1 year.

Find - Simple interest from the given data.

Solution - Simple interest is calculated by the formula - P*R*T/100. In the formula, P stands for principal, r stands for rate of interest and t stands for time.

Keeping the values in equation-

S.I. = 10000*10*1/100

S.I. = 1000

Hence, the simple interest as per mentioned details is Rs. 1000.

Answer 2

Given:

Principal = Rs 10000

Time = 1 year

Rate = 10%

To Find:

Simple Interest

Solution:

Formula to be used is PTR/100 where:

P = Principal

T = Time

R = Rate

Finding the Simple Interest:

$= > Simple \: Interest \: = \dfrac{PTR}{100}$

$= > \dfrac{10000 \times 1 \times 10}{100}$

$= > \dfrac{100000}{100}$

$= > 1000$

Hence, the required answer is Rs 1000