LIL IT
II au
The simple interest on 1000 for one year at the rate of 7% will be
Answers
Answered by
1
Answer:
Rs.70
Step-by-step explanation:
Simple Interest=P×R×T/100
=1000*7*1/100
=7000/100
=70
Answered by
1
Step-by-step explanation:
P = 1000; r = 7%; t= 1 yr
S.I. = (P × r × t)/100
= (1000 × 7 × 1)/100
= 7000/100
= 70
Therefore, simple interest on 1000 for 1 yr at 7% rate will be 70.
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