Question

Find the simple interest on Rs.500 for 1 year at a rate of 5% per annum.

Answer 1

Answer:

25

Step-by-step explanation:

S.I. = 500×1×5/100

= 5×5

= 25

Answer 2

Answer:

the simple interest will be 25

Step-by-step explanation:

As we know by formula:-

$\frac{prt}{100} = simple \: interest$

by using the above formula we can get the simple interest

Principal = 500

Time = 1 year

Rate = 5%

$\frac{500 \times 5 \times 1}{100} = 25$

Therefore, 25 is the simple interest