Question

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

Answer 1

Find the interest at the end of one year:

As it is Given that,

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

Here, $\mathrm{Principal}=10000,\mathrm{Rate}=5\%\mathrm{and}\mathrm{time}=1\mathrm{year}$

As we know that

$$\begin{gathered} Intrest=\frac{Principal\times Rate\times Time}{100} \\ =\frac{10000\times 5\times 1}{100} \\ =500 \end{gathered}$$

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