Question

Ramesh borrowed 7000 rupees from a bank for 1 year at the rate of 10% per annum. the interest to be paid after one year is

Answer 1

simple interest=ptr/100

so interest= 7000x1x10/100

=70000/100 =700 rupees

Answer 2

Answer:

Ramesh borrowed rs from a bank for one year =₹7000

The interest to be paid after one year annun =

Simple interest =ptr

So interest =₹7000*1*10/100

=₹70000/100=700 rupees