Question

Raju deposited Rs 50,000 in a bank at a rate of 10 % simble interest per annum .How much will he get after 2 years​

Answer 1

Given:

• Principal = Rs. 50,000
• Rate = 10 %
• Time = 2 years

What To Find:

We have to find the simple interest.

Formula:

$\mathfrak{Simple \: Interest = \dfrac{Principal \times Rate \times Time}{100}}$

Solution:

Using the formula,

$\sf{ \Longrightarrow Simple \: Interest = \dfrac{Principal \times Rate \times Time}{100}}$

Substitute the values,

$\sf{ \Longrightarrow Simple \: Interest = \dfrac{50000 \times 10 \times 2}{100}}$

Cancel the zeros,

$\sf{ \Longrightarrow Simple \: Interest = \dfrac{5000\!\!\!\not0 \times 1\!\!\!\not0 \times 2}{1 \!\!\!\not0\!\!\!\not0}}$

Also written as,

$\sf{ \Longrightarrow Simple \: Interest = 5000 \times 2}$

Multiply 5000 by 2,

$\sf{ \Longrightarrow Simple \: Interest = Rs. \: 10000}$

$\overline{\boxed{ \rm \therefore Thus, the \: simple \: interest \: is \: Rs. \: 10000.}}$

Answer 2

Given:

Principal = Rs. 50,000

Rate = 10 %

Time = 2 years

What To Find:

We have to find the simple interest.

Formula:

$\mathfrak{Simple \: Interest = \dfrac{Principal \times Rate \times Time}{100}}$

Solution:

Using the formula,

$\sf{ \Longrightarrow Simple \: Interest = \dfrac{Principal \times Rate \times Time}{100}}$

Substitute the values,

$\sf{ \Longrightarrow Simple \: Interest = \dfrac{50000 \times 10 \times 2}{100}}$

Cancel the zeros,

$\sf{ \Longrightarrow Simple \: Interest = \dfrac{5000\!\!\!\not0 \times 1\!\!\!\not0 \times 2}{1 \!\!\!\not0\!\!\!\not0}}$

Also written as,

$\sf{ \Longrightarrow Simple \: Interest = 5000 \times 2}$

Multiply 5000 by 2,

$\sf{ \Longrightarrow Simple \: Interest = Rs. \: 10000}$

$\overline{\boxed{ \rm \therefore Thus, the \: simple \: interest \: is \: Rs. \: 10000.}}$