Find the amount on the sum of ₹ 2500 invested for 1 year at 5% rate of interest per year.
First let us find the interest earned and then we can find the amount
⇒ Simple Interest =P×r×t100
=2,500×1×5100
I = 125
Amount is ,
A = P + I
A = 2500 + 125
A = 2625
Hence, the amount is ₹2625