rs 10,000 is invested at 5%interest rate p.a.find the interest which will be recived the end of two years
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Answer:
p = 10000
rate of interest = 5/100 = 1/ 20
time = 2 yrs
simple interest = p×r×t
= 10000 × 5 × 2 / 20
= 100000 / 20
= 5000 Ruppes
amount = p + simple interest
= 10000 + 5000
= 15000 ruppes. Ans
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