Question

The S.I on Rs.500 at 5% per annum for 1 year = _________​

Answer 1

Answer:

SI = PRT/100

=> 500*5*1/100

=> 25 RS

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Answer 2

Given:

• Principal is Rs 500.
• Interest of rate is 5%.
• Time is 1 year.

Need To Find:

• The required simple interest = ?

Solution:

As we know that,

⋆ Simple interest = P × R × T/100

Putting The values,

➜Simple Interest = 500 × 5 × 1/100

➜Simple Interest = 2500/100

➜Simple Interest = 25

Therefore,

The required Simple Interest is Rs 25.

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