simple intrest on 100rs at the rate of 5% in 1 year
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Principal=₹100
Rate of interest=5%
Time=1 year
Simple interest=P(1+r×t)
= 100(1+5×1)
=100(1+5)
=100+500=₹600
So Simple interest on ₹100 for 1 year at the rate of 5% is ₹600.
Answered by
1
Answer:
- REQUIRED ANSWER :)
Principal=₹100
Rate of interest=5%
Time=1 year
Formula for simple interest
Simple interest=P(1+r×t)
= 100(1+5×1)
=100(1+5)
=100+500=₹600
Therefore
So Simple interest on ₹100 for 1 year at the rate of 5% is ₹600.
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