Question

find the simple interest on Rs.500 at 10% annum for 1 month​

Answer 1

Given That ,

Principal = 500

Annum = 10%

Time = 1 Month

We know the formula

$\diamond \: \sf{ \dfrac{P×R×T}{100} }$

According To Question,

$\diamond \: \sf{ \dfrac{500 \times 10 \times 1}{100} }$

$\diamond \: \sf{ \dfrac{5 \cancel{00 }\times 10 \times 1}{ \cancel{100}} }$

$\diamond \: \sf{ 5 \times 10 \times 1 }$

$\diamond \: \sf{50}$

$\therefore { \boxed{ \underline{ \pmb{ \pmb{ \sf{Simple \: \: Interest = ₹50}}}}}}$

Answer 2

Answer: Simple interest is Rs 50

Step-by-step explanation:

Given,

Principal=500

Rate=10%

Time=1 month​

We have to find out the simple interest using the formula:

Simple Interest (SI) = P × T × R ⁄ 100

=(500x10x1)/100

=5000/100

=50

Hence, Simple interest is Rs 50