Question

interest on rupees 10000 for 1 month at rate 12% per annum is ​

Answer 1

Answer:

$= \frac{10000 \times 1 \times 12}{100}$

$= 1200$

Answer 2

Interest for 1 month would be ₹ 100.

Step-by-step explanation:

Interest on Rs. 10,000 for 1 month at the rate 12% per annum.

Principal amount = 10,000

Time = 1 month ($\frac{1}{12}$ year)

Rate of interest = 12% ( $\frac{12}{100}$ )

Formula :

Interest = Prt

             = $\frac{10000\times 0.12\times 1}{12}$

             = ₹ 100

Interest for 1 month would be ₹ 100.

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