Rs. 1000 is lent out at 10% per annum
simple interest for 10 years. Find the amount after 10 years
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simple interest of one annum - 1000/10 - 100
simple interest of 10 annum- 100×10 = 1000
Amount= simple interest + principal
= 1000+1000 = 2000 rupees
Answered by
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Step-by-step explanation:
per year interest =1000*10\100
=100
per 10 years=100*10
=1000
Amount=interest+real
=1000+1000
=2000
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