Question

The simple interest on rs 1000 at 10% per annum for two years. what is the answer ?​

Answer 1

Answer:

Compound interest after 2 year of 1000 rs at the rate 10% per annum is 210 it is given that principle is =1000 Rs=210 hence compound interest is Rs=210

Answer 2

Given,

Principal amount of Rs. 1000 at 10% per annum for two years

To Find,

The simple interest =?

Solution,

We can solve the question as follows:

We have to find the simple interest on Rs. 1000 at 10% per annum for two years.

Using the formula,

$S.I. = \frac{Principal*Rate*Time}{100}$

From the question,

$Principal = Rs.\: 1000\\Rate = 10\\Time = 2$

Substituting the values in the above formula,

$S.I. = \frac{1000*10*2}{100}$

$S.I. = Rs.\: 200$

Hence, the simple interest is Rs. 200.