Question

Interest on Rs. 100 at 10 % p.a. for one year is

Answer 1

Answer:

•

• • interest = ₹10

Step-by-step explanation:

Principal = ₹100

Rate of interest = 10%

Time = 1 year

I = P × R × T

100

l = 100 × 10 × 1 = ₹10

100

answer : ₹10

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Answer 2

Given,

Rs. 100 at 10 % p.a. for one year

To Find,

The interest =?

Solution,

We can solve the question as follows:

It is given that we have to find the interest on Rs. 100 at 10 % p.a. for one year.

$Principal\: amount = Rs.\: 100$

$Rate = 10$%

$Time = 1\: year$

The formula for simple interest is given as:

$Simple\: interest = \frac{Principal*Rate*Time}{100}$

Substituting the given values in the above formula,

$Simple\: interest = \frac{100*10*1}{100}$

                         $= Rs.\: 10$

Hence, the interest is Rs. 10.