You visited us 1 times! Enjoying our articles? Unlock Full Access!

Simple Interest

How much inte...

Question

How much interest does a Rs. $410$ investment earn at $5$ $%$ over $10$ year?

105

No worries! We‘ve got your back. Try BYJU‘S free classes today!

205

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses

305

No worries! We‘ve got your back. Try BYJU‘S free classes today!

405

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Open in App

Solution

The correct option is B $205$
Simple interest, $I =$ $\frac{P R T}{100}$
Where, $P =$ principal $=$ Rs. $410$
$R =$ rate $= 5 %$
$T =$ time period $= 10$ years
Therefore, $I =$ $\frac{410 \times 5 \times 10}{100}$
$\Rightarrow I =$ Rs. $205$

Suggest Corrections

Similar questions

i s i n v e s t e d a t a s i m p l e i n t e r e s t r a t e o f

How many years does John need to invest Rs.8000 at 8% to earn Rs. 640 in simple interest?

1200

10 %

1800

12 %

5

R s 147

3 y e a r s

7 %

Join BYJU'S Learning Program