Question

Rahim deposited 10000 in a company which pays18%simple interest per annum find the intetest he gets for a period of 5years

Answer 1

50000 is answer this question

Answer 2

Answer:

the interest he get for a period of 5 years ​is Rs.9000

Step-by-step explanation:

Given,

Rahim deposited rupees 10000 in a company which pays 18% simple interest.

To find:The interest he get for a period of 5 years ​

Solution:

Simple interest can be calculated as:

Simple Interest = I =prn/100  

Here P = 10000, r = 18% and n = 5 years

I = (10000 x 5 x 18) /100

I = 100 x 90

I = Rs.9000

Therefore, the interest he get for a period of 5 years ​is Rs.9000