Question

Rs 10,000 is invested at 5% interest rate p.a. Find the interest at the end of

two years.​

Answer 1

Given that:

Principle = 10000rs

Rate = 5 %

Time = 2 years

Formula used :

→ Simple Interest = P × R × T

100

Solution :

→ SI = P × R × T

100

→ SI = 10000 × 5 × 2

100

→ SI = 100 × 5 × 2

→ SI = 500 rs

:. simple Interest = 500 rs