Question

Rose has $500 in her savings account she earns simple interest at 5% per annum calculate the interest she earns after a year

Answer 1

Answer:

she earns 525 doller after a year

Answer 2

Answer:

Rs.25

Step-by-step explanation:

Given :- Principle amount that rose has in her savings account = $500

             Rate of interest is 5% per annum.

             Time taken = 1 year.

To Find :- Simple Interest that Rose earns after a year.

Solution :-

We know that,

     Simple Interest = ( Principle × Rate of interest × Time taken )/100

Given that Principle amount = 500

Rate of interest = 5%

Time taken = 1 year

Putting all given values in the formula,

∴ Simple Interest = ( 500 × 5 × 1 ) ÷ 100

⇒ SI = 5 × 5

⇒ SI = 25

Therefore, Rose earns a interest of 25 rupees after a year.

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