₹10000 is invested at 5% interest …

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filledbookmark USE APP Sign in Questions & Answers CBSE Mathematics Grade 7 Simple Interest Answer If Rs. 10000 is invested at 5% interest rate p.a. Find the interest at the end of the one year. Answer VerifiedVerified 181.7k+ views 4 likes Hint: In this problem, we need to find the interest at the end of one year using a simple interest formula. Complete step-by-step answer: The formula for simple interest is shown below. Simple interest = P⋅r⋅t100......(1) Here, P is principal, r is rate of interest and t is time in years. Substitute 10000 for P , 5 for r and 1 for t in equation (1) to obtain the interest at the end of one year. Simple interest = (10000)⋅(5)⋅(1)100⇒Simple interest = 50000100⇒Simple interest = 500 Thus, the interest at the end of the one year is Rs.500.

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