Question

what is the simple interest on Rs. 1000 for 1 years at 10% per annum

Answer 1

Answer:

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Answer 2

Given,

Rs. 1000 for 1 year at 10% per annum.

To Find,

The simple interest =?

Solution,

We can solve the question as follows:

We have to find the simple interest on Rs. 1000 for 1 year at 10% per annum.

Using the formula for calculating simple interest,

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

Here,

$Principal = Rs.\: 1000$

$Rate = 10$%

$Time = 1\: year$

Substituting the values in the above formula,

$Simple\: interest = \frac{1000*10*1}{100}$

                         $= Rs.\: 100$

Hence, the simple interest is equal to Rs. 100.