Find the simple interest on ₹20,000 at $10 %$ rate per annum for $1$ year.

$Rs. 5, 000$

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$Rs. 10, 000$

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$Rs. 15, 000$

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$Rs. 30, 000$

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Solution

The correct option is B
$Rs. 10, 000$

Given, principal ₹20,000

Rate $= 10 %$

Time $= 1$ year

$\Rightarrow Simple Interest = \frac{20, 000 \times 10 \times 1}{100}$
= ₹2,000

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Find the simple interest on ₹20,000 at 10% rate per annum for 1 year.

The correct option is B Rs. 10,000 Given, principal ₹20,000 Rate =10% Time =1 year ⇒Simple Interest =20,000×10×1100 = ₹2,000

Find the simple interest on ₹20,000 at $10 %$ rate per annum for $1$ year.

The correct option is B
$Rs. 10, 000$

Given, principal ₹20,000

Rate $= 10 %$

Time $= 1$ year

$\Rightarrow Simple Interest = \frac{20, 000 \times 10 \times 1}{100}$
= ₹2,000