Question

Practice Set 35
(1) At a rate of 10 p.c.p.a., what would be the interest for one year on6000?
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Answer 1

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At a rate of 10 p.c.p.a., what would be the interest for one year on6000?

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$Interest = \frac{Pricipal × Time × Rate }{Time}$

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$\boxed{ \pink{sᴏʟᴜᴛɪᴏɴ}}$

Given ,

Principal Interest = 600 Rupees

Rate of interest = 10 %

Time = 1 Year

Now , Interest = P × R × T / 100

↳ 600 × 10 × 1 / 100

↳ 6000 / 100

↳ 600 Rupees

Then , Interest for one year would be 600 rupees

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