Rahim deposited $10, 000$ in a company which pays $18$ % simple interest p.a. Find the interest he gets for a period of $5$ years.

Open in App

Solution

Interest $= \frac{10000 \times 18 \times 5}{100} = R s 9000$

Suggest Corrections

Similar questions

Q. Vineet deposit

R s 8500

in a finance company which pays

18 %

interest per year. Find the amount he will receive after

3

years.

Rahim, Johny and Gopu deposited 10,000 rupees each, under different schemes, in a bank which gives 8% interest. Rahim gets simple interest, Johny gets interest compounded half-yearly and Gopu gets interest compounded quarterly. Compute the total amount each of them gets back after one year and compare these amounts.

Ted’s dad had deposited Rs. 10,000 with a bank for 2 years at an interest rate of 9%. How much simple interest will he get after 2 years?

Rahul borrows a sum of Rs.10,000 for 2 years at a rate of interest 4% per annum. Find the simple interest he pays.

Sophia deposited Rs 8,000 in a post office for 5 years at the rate of 9% p.a. simple interest. Find the interest earned.

Join BYJU'S Learning Program

Rahim deposited 10,000 in a company which pays 18% simple interest p.a. Find the interest he gets for a period of 5 years.

Interest =10000×18×5100=Rs9000

Rahim deposited $10, 000$ in a company which pays $18$ % simple interest p.a. Find the interest he gets for a period of $5$ years.

Interest $= \frac{10000 \times 18 \times 5}{100} = R s 9000$