Question

For buying a sofa set. Ipsita borrowed Rs 9000 at 10% per annum for a year. What interest did she have to pay at the end of the year ?

Answer 1

$P=9000$

$R=10\%$

$T=1$yr

$SI=\frac{PRT}{100}$

$=\frac{9000\times 10\times 1}{100}$

$=900$Rs.