Question

Sunita takes a loan of Rs. 5000 at 12% rate of interest. Find the interest she has to pay at the end of one year.

Answer 1

$I=\frac{p\times t\times r}{100}$

$P=5000rs$

rate of interest$=12\%$

$t=1year$

$I=\frac{5000\times 12\times 1}{100}=600rs.$