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Question

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


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Solution

Find the interest at the end of one year:

As it is Given that,

10000 is invested at 5% interest rate p.a.

Here, Principal=10000,Rate=5%andtime=1year

As we know that

Intrest=Principal×Rate×Time100=10000×5×1100=500

Hence, the interest at the end of one year 500Rs.


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