Question

What is the interest on₹100 at 10p.c.p
.a. for 2 year

Answer 1

Answer:

The interest is ₹20

Step-by-step explanation:

P=100,T=2,R=10

l=PRT/100=

10×2/100=20

Interest is ₹20

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Answer 2

The simple interest on Rs. 100 at a rate of 10% per annum for 2 years = Rs. 20.

Step-by-step explanation:

To calculate the simple interest, we use

$Simple\ Interest = \frac{Principal\ *\ Rate\ *\ Time}{100}$

Given:

Principal = Rs. 100

Rate = 10% per annum

Time = 2 Years

Substituting the values,

$Simple\ Interest = \frac{100\ *\ 10\ *\ 2}{100}$

Simple Interest = Rs. 20