Rose has $500 in her savings account she earns simple interest at 5% per annum calculate the interest she earns after a year
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0
Answer:
she earns 525 doller after a year
Answered by
0
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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