Question

Find the interest on 1000 rupees at 10% interest rate in 10 years.

• A. Rs. 1355
• B. Rs 1250
• C. Rs 1000
• D. Rs 1100

Answer 1

The correct option is C

Rs 1000

Given P = 1000 rupees , Rate = 10 % and T = 10 years

SI = $\frac{P\times R\times T}{100}$

= $\frac{1000\times 10\times 10}{100}$

= 1000 rupees