Rs 10000 is invested at 5 percent interest rate p.a. find the interest at the end of one year.
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Answered by
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the compound interest in 1 yr is 500 rupees
Answered by
1
Answer:i nterest=
100
p∗r∗t
p = principal amount , r = rate , t = time
interest=
100
10000∗5∗1
interest = RS. 500
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