10000 is invested at 5% interest rate p.a. Find the interest at the end of one year.
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.
If you invest ₹ 5,000 at the rate of 5% p.a simple interest, how much interest will you earn after one year?
Sunil invested Rs 5,000 for 3 years at a certain rate of interest compounded annually, which at the end of first year amounts to Rs 5,600. The rate of interest p.a. is