Question

Find the simple interest when Principal = Rs.500, Rate=5% per annum, Time=5yrs. *​

Answer 1

Answer:

Rs 125

Step-by-step explanation:

Principle= Rs 500

Rate per annum = Rs 5%

Time = 5 years

Interest = PTR/100

Interest = (500 *5 * 5)/ 100

Interest = Rs 125

Amount = Interest + Principle

Amount = 125 + 500

Amount = 625

Hope it helps