Question

₹1000 is invested at the rate of 10 % per annum. Calculate the simple interest and match the following.

• A. ₹1000
• B. ₹300
• C. ₹500
• D. ₹800

Answer 1

Simple Interest at the end of 't' years is given by $\frac{Principal\times Rate\times Time}{100}$.

Given, Principal = ₹1000 and rate = 10%.

Hence, the simple Interest at the end of 3 years = $\frac{1000\times 10\times 3}{100}$ = ₹300.

Hence, the simple Interest at the end of 5 years = $\frac{1000\times 10\times 5}{100}$ = ₹500.

Hence, the simple Interest at the end of 8 years = $\frac{1000\times 10\times 8}{100}$ = ₹800.

Hence, the simple Interest at the end of 10 years = $\frac{1000\times 10\times 10}{100}$ = ₹1000.