what is the interest on ₹ 1,000 at 10 p.c.p.a for 1 year
Answers
Answered by
5
Answer:
100 yeard intrest
Step-by-step explanation:
100x10=1000rs
Answered by
3
Given,
Principal amount (P) = Rs. 1000
Rate (R) = 10% per annum
Time (T) = 1 year
To find,
The interest on the given principal amount and rate for 1 year.
Solution,
The interest on the given principal amount and rate for 1 year will be
We can easily solve this problem by following the given steps.
We know that the formula to calculate Simple Interest (SI) is
Principal amount (P) × Rate (R) × Time (T)/100
SI = P×R×T/100
SI = 1000×10×1/100
SI = 10000/100
SI = Rs. 100
Hence, the simple interest will be Rs. 100.
(The total amount after adding the simple interest and the principal amount will be Rs. 1100. Note that the formula to find the compound is different from that of simple interest.)
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