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Rs 10000 is invested at 5% interest rate p.a . Find the interest at the end of one year

Posted by Riya Kumari 5 years, 3 months ago

CBSE > Class 07 > Mathematics

1 answers

Yogita Ingle 5 years, 3 months ago

Given that,
Principal = 10,000
Rate= 5% p.a
T = 1 year

Therefore,
$Interest = \frac{P\times R\times T}{100}$
Substituting the values in the above formula, we get
$= \frac{10,000\times 5\times 1}{100}$
$= Rs\ 500$

1Thank You

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CBSE > Class 07 > Mathematics