Question

I invest ₹10,000 at 5% interest rate per annum. What will be the interest at the end of 2 years?

Answer 1

5/100*10000
=5*100
500
for two years 1000

Answer 2

hey friend!
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For such problems just keep in mind one formula:

Simple Interest=Principal*Time*Rate of interest/100

Now through this formula we will find interest

So,
S.I=P*T*R/100
=10000*2*5/100
=1000

So the Interest will be Rs. 1000 at the end of 2 years.
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That's it ^-^
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@crystinia