Question

If principal amount is 10000 , rate of interest is 5% time 2 years what will be simple interest
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Answer 1

Question:

If principal amount is 10000 , rate of interest is 5% time 2 years what will be simple interest:

Solution:

Given:

Principal=₹10,000

Rate=5%

Time=2 years

$SI = \frac{P*R*T}{100}$

$SI = \frac{10000 \times 5 \times 2}{100} \\ SI = 1000$