what is the interest on 1000 Rupees at 12 p.c.p.a for 1 year ?
Answers
Answered by
5
Step-by-step explanation:
Principal = SI×100Time×Rate
= 1000×1004×5 = Rs.5000
Now, Principal = Rs.10000
∴ CI = P [(1+Rate100)Time−1]
= 10000 [(1+5100)2−1]
= 10000 [(2120)2−1]
= 10000×41400 = Rs.1025
Answered by
10
Step-by-step explanation:
Given, Principal(P)= Rs 1000
Rate of interest (R)=10%
Time=1 year
Interest = P×R×T / 100
=1000×10×1 / 100
= Rs 100
@By Samu__❤__
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