Question

Find the simple interest on Rs 10000 for 5 years at 20% per annum

Answer 1

Answer:

it is Rs 10000

Use the formula

PRT / 100 (P = prime

R = rate of interest

T = time)

Step-by-step explanation:

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Answer 2

Given,

Rs 10000 for 5 years at 20% per annum.

To Find,

The simple interest =?

Solution,

We can solve the question as follows:

It is given that we have to find the simple interest on Rs 10000 for 5 years at 20% per annum.

$Principal\: amount= Rs.\: 10000$

$Time = 5\: years$

$Rate = 20$%

The formula for simple interest is given as:

$Simple interest = \frac{PRT}{100}$

Where,

$P = Principal\: amount$

$R = Rate\: of\: interest$

$T = Time$

To find the simple interest, we will substitute the given values in the above formula,

$S.I. = \frac{10000*20*5}{100}$

      $=100*20*5$

      $= Rs.\: 10000$

Hence, the simple interest is equal to Rs. 10000.